Residents united to transform their building into an affordable housing cooperative, successfully obtaining city funding to protect against luxury conversion and displacement.
Ben Bartlett emphasized community collaboration in preventing price gouging and supporting families, noting the importance of collective efforts in securing affordable housing.
The Bay Area Community Land Trust's acquisition cost for purchasing and renovating these units was significantly lower than constructing new affordable housing.
Two vacant units will be rented out at prices intentionally set for affordability, with a studio priced at $1,200 and a one-bedroom at $1,800.
#affordable-housing #community-land-trust #cooperative-housing #berkeley-housing-crisis #tenant-advocacy
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