Source: Planetizen

Date Published: 10.02.2025

Link: The Rise of Crowdfunded Real Estate

Crowdfunded real estate is emerging as a powerful tool for creating and preserving affordable housing by enabling communities to collectively invest in local properties. Enabled by the 2012 JOBS Act, this model allows residents, not just wealthy investors, to pool resources and buy back real estate for community use. In West Oakland, the East Bay Permanent Real Estate Cooperative (EB PREC) exemplifies this approach, raising millions to restore historic buildings and develop permanently affordable housing in a neighborhood long affected by displacement. Similar cooperatives across the U.S., such as Willow PREC in Massachusetts and The Guild in Atlanta, are utilizing crowdfunding to stabilize neighborhoods, preserve cultural landmarks, and expand equitable access to homeownership.