Our Mission and Vision
We facilitate BIPOC and allied communities to cooperatively organize, finance, purchase, occupy, and steward properties, taking them permanently off the speculative market, creating community controlled assets, and empowering our communities to cooperatively lead a just transition from an extractive capitalist system into one where communities are ecologically, emotionally, spiritually, culturally, and economically restorative and regenerative.

Our Mission Pillars

#LandWithoutLandlords
we create pathways or everyday people to organize, finance, acquire, and co-steward land and housing on our own terms because Housing is a Right Not a Commodity
#RestorativeEconomics
we are transforming an unjust finance & housing system to build collective wealth among historically disenfranchised Black, Indigenous, and POC communities to Redistribute the Resources
#HealPeoplePower
we cuiltivate democratic governance, non-violence, and indigenous wisdom to short circuit learned colonial power practices, rebuild our capacity to heal one another, and Reimagine Collective Power

What We Do
we buy and preserve real estate  to keep tenants of color in our community, to remove housing from the speculative market, and to address the root problems associated with poverty concentration and neighborhood disinvestment.
we recruit real estate investors to divest from Wall St., to invest in our communities, and to help us accumulate collective wealth. 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!).
we foster a culture of democracy and Cooperation  by giving everyone (tenants and
investors, alike) an opportunity to co-own and co-manage real estate property.

The Basics​

A PREC is structured as a cooperative corporation, which has at least three built-in perks:​​
  • A cooperative’s primary governing body is chosen and major decisions are made on a one-member one-vote basis, meaning that democracy is embedded in the legal structure.
  • Cooperative corporations are limited in their ability to pay high returns on capital, meaning they cannot be vehicles for making the wealthy wealthier.
  • The Sustainable Economies Law Center recently helped write and pass a law that gives California cooperative corporations a securities exemption, allowing them to raise capital by selling membership shares for up to $1,000 each.

Governance structure: The envisioned governance structure of PRECs empowers members to self-organize. Groups of members can search for properties, raise capital, and shepherd housing into the cooperative, with support and approval of a governing board.

Title and long-term protection:
The cooperative holds title to the land and housing and adopts multiple restraints on its own ability to sell properties. To keep it off the speculative market in the long-term, the cooperative gives multiple land trusts and other PRECs rights (through deed restrictions, easements, co-ownership, and purchase options) to enforce affordability restrictions and to take ownership of projects that are abandoned.

Homebuying:
Members who live on the cooperative’s properties will “purchase” a long-term lease, with financed monthly payments that simulate direct homeownership in many ways. Resident control: The cooperative will set minimum standards of maintenance, but the residents will control most decisions related to the property. Limited returns: When a member “sells” their lease, they will receive a pre-determined price that will give them a modest return (tied to the Consumer Price Index) on their purchase price, as well as compensation for improvements.
Points of Unity

  • We stand for the liberation and healing of all people and lands oppressed and exploited by histories of Genocide, Slavery, Low wage labor, Land theft, Predatory lending, and Forced migration.

  • We provide mutual aid to front-line communities first, the liberation of black and indigenous communities is fundamental to the liberation of all people, a rising tide lifts all boats.

  • We believe restorative solutions are rooted in collective land stewardship and decision-making. We prioritize people, planet, and future generations over profits.

  • We move at the pace of community, not capital.

  • We build trust and safe spaces with each other by doing the healing work required to transform antiquated capitalist notions into regenerative and cooperative relationships.

  • We build productive capacity for disinvested BIPOC communities through community education and networks of cooperatives. EBPREC helps communities manifest vision into reality on the community's terms.

Our Story

The East Bay Permanent Real Estate Cooperative, Inc (EB PREC) was born out of a collaboration between the People of Color Sustainable Housing Network (POCSHN) and the Sustainable Economies Law Center (SELC).
POCSHN
SELC
The People of Color Sustainable Housing Network is a resource network for people of color building intentional, healthy, collective and affordable housing communities in the Bay Area and beyond.  By supporting the creation of indigenous, low-income and people of color-led housing and land projects that focus on collective land ownership & stewardship, resident-controlled housing, and cooperative economic models, the People of Color Sustainable Housing Network hopes to foster long-term replicable strategies and tactics for housing, food and land-use movements. 
The Sustainable Economies Law Center cultivates a new legal landscape that supports community resilience and grassroots economic empowerment. They provide essential legal tools so communities everywhere can develop their own sustainable sources of food, housing, energy, jobs, and other vital aspects of a thriving community. They provide essential legal resources to support the transition to more just and resilient local economies. The Law Center conceptualized the core PREC model.

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Staff Collective

NONI SESSION
Executive Director
[email protected]

OJAN MOBEDSHAHI
Finance Director Board Treasurer
[email protected]


Noni is a 3rd generation West Oaklander, Assistant Librarian and Cultural Anthropologist. Her research and organizing work spans national and global arenas. In her doctoral work under the umbrella of the UNDP in Nairobi, Kenya, Noni carried out ethnographic analysis of international humanitarian strategies and their on-the-ground consequences. After a 2016 run for Oakland City Council in which she garnered more than 43% of the vote, Noni came to believe that her community’s clearest pathway to economic justice and halting rapid displacement was an independent cooperative economy. Noni holds a B.A. in Cultural Anthropology and Black Studies, cum laude, from San Francisco State University, and an M.A. in Cultural Anthropology from Cornell University. 
​​Ojan is a 2nd generation Iranian American born and raised in the Bay Area. His past work, ranging from healthy urban land use to real estate development, informs his holistic view of finance, with a triple bottom line that includes people and planet along with profit.

Ojan lives in a co-op in Oakland and works as a contractor and regenerative landscape designer revitalizing land throughout the East Bay. While earning his B.A. in Economics from Pitzer College, Ojan was inducted into the Economic Honors Society and organized a local chapter of the Occupy movement.


MARISSA ASHKAR
Director of Community Relations 
Board President
[email protected]


SHIRA SHAHAM
New Projects Director
Board Secretary
[email protected]



Born in Los Angeles into a Southwest Asian/North African and European American family, Marissa has lived in and around Oakland for 20 years. Before co-founding the East Bay Permanent Real Estate Cooperative in 2016 she spent 15 years in political organizing and institution building. She has worked with a community land trust in New Orleans after Hurricane Katrina, with an international development corporation in Vietnam, and with a cooperative credit union. Marissa is currently organizing with People of Color Sustainable Housing Network and coordinating outreach at Northern California Community Land Trust where she works with BIPOC communities to create sustainable,cooperative housing. Marissa believes that collective land stewardship and cooperative living will be an ever-growing part of the global healing and regenerative movement. She holds a B.A. in the Political Economy of Africa and the Middle East from San Francisco State University and a J.D. from West Los Angeles School of Law.
Shira is passionate about design and the environment and strives to bring the world closer to sustainability through integrative approaches. She has nearly 10 years experience leading teams and managing custom design projects and businesses. She played a key role in the growth of a food cooperative start-up in New York from the initial meeting of some 20-odd people to a successful business open six days/week. She currently manages high end residential construction projects. Shira holds a Bachelor of Architecture from Cal Poly, San Luis Obispo, with a minor in Sustainable Environments. Returning to the Bay Area where she was raised, Shira works to give back to the communities that have nurtured her.

GREGORY JACKSON
Partnerships Director
Equal Justice Works Fellow
Sponsored by Pillsbury Winthrop Shaw Pittman LLP

[email protected]



Greg is a native of Oakland with deep family roots who feels fortunate to live within blocks of his family that now spans three generations. He is deeply committed to achieving economic equity in the East Bay through collective ownership and democratic decision-making. Recognizing the many social problems rooted in the unequal distribution of wealth and decision-making power, Greg focused his law school research on international cooperatives. During his internship with Sustainable Economies Law Center he created a pilot program for youth-led cooperative development. As a 2018 Equal Justice Works Legal Fellow, Greg aims to increase collective decision-making and cooperative-ownership in East Oakland. He holds a B.A. in Philosophy from San Diego State University, and a J.D. from Golden Gate University School of Law.