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Catalyzing worker co-ops & the solidarity economy

Berkeley residents turned apartment building into affordable housing cooperative

BERKELEY, Calif. (KGO) -- When the owner of a Berkeley apartment building passed away, tenants worried their building would be bought and flipped into an unaffordable luxury property.

So, the residents of the 12-unit building banded together and got help from a community partner to turn this building in South Berkeley into an affordable housing cooperative.

The residents led the effort by convincing the city council to allocate funding for the co-op to the city's small sites program.

This ultimately allowed the Bay Area Community Land Trust to purchase the building.

Read the rest at ABC 7 News

 

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