This is happening! Look at the exciting example of the East Bay Permanent Real Estate Cooperative, which is organizing community investment into community property for affordable housing. I attended their presentation at the CA Cooperatives Conference in Sacramento this Spring. People are taking leadership, joining together, and doing business differently. I couldn’t believe the amount of talented, driven yet down to earth people in attendance! Now that we have this project a a concrete example, it will help us spread the word about cooperative investment as a model.
Check out the PREC FAQs and FAQ on PREC Finances.