PEOPLE POWERED DEVELOPMENT

Welcome to EBPREC

We at EBPREC are rethinking home ownership. Our communities are being flooded with speculative capital, and as a people of color-led organization, we have seen too many our fellow citizens being rapidly displaced and finding themselves with nothing to show for their decades of paid rent. No
matter your socio-economic status, dominant financial models disempower people from feeling we can make a difference. Investing in the East Bay Permanent Real Estate Cooperative is your opportunity to help stem the tide.
EB PREC puts the “equity” back into “home equity.” Our model empowers existing residents to build equity and assert control over neighborhood change, while mobilizing the resources of newer residents that want to live in inclusive and equitable communities.
Become a Founding Community Stakeholder
Our model transforms real estate in a way that builds a more equitable future for all of us, not leaving behind communities of color most affected by the housing crisis. So we ask you today, to take the pledge and become a Community Stakeholder.
Please spread the word with friends, family, & networks; and please do share helpful advice with us
while at this critical stage of growth. Whether you’re planning on investing time, or money, or sharing us with your social networks, know that you are becoming a member of a community leading change!
-The EB PREC Staff Collective
Noni, Greg, Marissa, Shira, & Ojan
Take The Pledge
What Does EB PREC Do?
The East Bay Permanent Real Estate Cooperative (EB PREC) puts the “equity” back into “home equity.” Our model empowers existing residents to build equity and assert control over neighborhood change, while mobilizing the resources of newer residents that want to live in inclusive and equitable communities (most of us want this!). Our model offers:

Invests in Communities, not Wall Street:

As a Cooperative, EB PREC can raise capital from the community, providing socially responsible investment opportunities that support local communities. Anyone can invest up to $1,000 in EB PREC, thereby democratizing investment across a broad spectrum of socio-economic classes, simultaneously channeling money out of Wall Street and into our local communities.

stewards real estate assets for sustainable and resilient communities:
Reliance on on charity is unsustainable. The PREC model utilizes community investments and mutual support to build collective wealth and community controlled.

Democratic & Cooperative movement building:

We are building a democratic cooperative movement focusing communities of color towards reclaiming self-determination over our own housing futures.

creates housing Policy for All:

EB PREC preserves and develops affordable housing for all, creating mixed income communities & addressing the structural problems associated with poverty concentration and neighborhood disinvestment. We direct the benefits of ownership and equity building directly to the tenants and residents, while permanently removing housing from the speculative market. Housing is a right, not just a commodity.

Thanks to our Partners and Supporters

POCSHN