An initiative of the Center for Cultural Innovation

Investments

Photo courtesy of Sustainable Economies Law Center, AmbitioUS Investee. East Bay Permanent Real Estate Cooperative team. (Pictured from left to right, top to bottom: Marissa Ashkar, Noni Session, Shira Shaham, Gregory Jackson, Ojan Mobedshahi.) 5 December 2018. East Bay Permanent Real Estate Cooperative, Oakland.

East Bay Permanent Real Estate Cooperative

The East Bay Permanent Real Estate Cooperative (EB PREC) is taking land and property in Oakland off the speculative market in order to put ownership in the hands of African American community members. Their displacement as a result of gentrification would not just be a problem for Black Oaklanders, it would be a loss of cultural identity for all Americans. AmbitioUS is providing a one-year renewal grant to support EB PREC with its cooperative ownership structure that benefits and retains African American communities in Oakland, CA, and their shared cultural identity. 

Category

Artist Ownership

Website

https://ebprec.org

Year

2020

Investment

Grant

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Investments