Coop 789
789 61st Street, Oakland, CA 94609
“Four renters in North Oakland feared displacement when their landlord painted their building ‘gentrifier gray’ and put it on the market. They turned to the East Bay Permanent Real Estate Cooperative and the Northern California Land Trust, which helped buy the fourplex by securing a $600,000 loan from the city of Oakland, through a local bond measure earmarked for land trusts and cooperatives to create ‘permanent affordability.’”
Co-op Conversion
Coop 789 is in the process of co-operatizing their property, a journey towards co-ownership within the East Bay Permanent Real Estate Cooperative, fostering shared responsibilities and control.
Cooperative Stewardship
As co-owners, members at Coop 789 share the privilege of co-stewarding their property, actively participating in educational initiatives and meetings, shaping a cooperative living experience.
Community-Centered Events
Coop 789's commitment to organizing enjoyable events like karaoke parties and permaculture workshops not only raises funds but also strengthens the BIQTPOC community and promotes homeownership aspirations.
Units: 5 units
•2-br/1ba single-family home
•Fourplex with 1br apartments
Building: 4 - 2br/1ba apartments in a 2-story walkup fourplex building
Year built: 1947
Affordability: Below-market-rate units serving households with incomes below 60% Area Median Income (AMI) for Alameda County
Amenities: Washer & dryer hookup, shared garden
Neighborhood: Bushrod
Category: Multi-family rental in the process of coop conversion
Coop 789 is a diverse and connected community residing in a four-unit building in the Bushrod neighborhood of Oakland. They share not only the living space but also the outdoor area, engaging in activities such as gardening and karaoke nights. The group is currently in the process of co-operatizing their living situation by acquiring the buildings and landscaping from NCLT. This move potentially positions them as co-owners within the East Bay Permanent Real Estate Cooperative.
As co-owners, the members of Coop 789 will jointly possess the buildings and land, taking on shared risks and responsibilities. They will have the unique opportunity to take control over their own homes while working collaboratively with fellow residents. To ensure successful co-stewardship, they will actively participate in educational initiatives and meetings.
Mission & Vision Statement: Coop 789 is a group of queer, indigenous, people of color, and/or allies who organized together to buy and co-steward a building in North Oakland. Coop 789 centers the BIQTPOC community in Oakland who have continued to live here since the latest wave of extreme gentrification.
As the pilot project of EB PREC, Coop 789 will act as a proof of concept that cooperative stewardship of land can actually bring people together to meet their basic needs (affordable housing) while politically educating each other in the hopes of making it easier for others when they start their journey in the future.
To achieve these goals, Coop 789 is committed to organizing various enjoyable events, including backyard karaoke parties, permaculture workshops, and bake sales. These activities serve as not only sources of fundraising but also opportunities to bring the BIQTPOC community together. The raised funds will be utilized to assist other individuals in Oakland who aspire to purchase and co-steward their own homes.
How To Apply
Check NCLT’s Resident page for availability.
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