The Coop

 
 
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Cooperative Ownership

OBY Cooperative is a California Cooperative Corporation created to develop and manage affordable backyard homes. Our coop is made up of worker owners who are designers, developers, organizers and property managers , but also of “Community Investors” who are people who live in California who invest in our cooperative so we are able to develop more affordable sustainable housing in the Bay Area. Our Partners at CoEverything and Arizmendi Association of Cooperatives have helped us create our innovative cooperative model.

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Community Investment

As a California Cooperative Corporation, we are able to sell “Community Investor” shares of OBY Cooperative to California residents so that we can cooperatively raise money to build more homes. We will be launching our first capital raise in the fall of 2022 with Community Investor, an investment platform focused on raising money for California cooperatives. Specifically, we are using the California Assembly Bill 816 Community Investor Provision that came into effect in 2016. Let us know if you are interested in becoming a Community Investor.

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Construction Cooperative

Our amazing partnership with Oakland-based Arizmendi Construction Cooperative, along with the technical assistance from the Arizmendi Association of Cooperatives have been central to making this all happen. The Arizmendi Construction Cooperative will be the on-site general contractor, completing and coordinating the installation of the foundation system,  plumbing, electric and all of the prefabricated kit.