A Worker Cooperative and a Community Land Trust Bought a Building Together
Oscar Perry Abello, Next City
Cooperative ownership provides an avenue through which local nonprofit organizations and businesses can retain ownership of real estate. In Oakland, California, the Oakland Community Land Trust uses federal grants and donations to then acquire and retain ownership of commercial and residential properties. In cases where funds offered by the Trust or from crowdfunded donations are not sufficient, as with the Hasta Nuerte worker owned co-op coffee shop, offering up equity in the venture to private investors can help raise capital.