OppCo is thrilled to announce that the North Shore CDC is our third organizational member. North Shore CDC is a trusted community-based partner headquartered in Salem. Under the leadership of Mickey Northcut and an amazing team, North Shore CDC is poised for growth. We at OppCo are excited to support them on their journey. Welcome, NSCDC!

OppCo’s founding CEO, Ann Houston, announces her plan to retire at the end of 2022.

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Real Estate, Resident Services, and Asset Management are three core disciplines central to the affordable housing work of community developers. OppCo allows our members to focus not just on these individual building blocks, but on how they are interconnected. The art lies in developing not only affordable homes, but the culture and vitality of our communities as people are the most essential building block of community, the source of a neighborhood’s character and strength.

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In this Shelterforce article, Miles Howard explores how despite the fact that the pandemic housing market differs from the Great Recession of 2008, the economic and housing destabilization impacts on owners, renters and communities could be eerily similar. TND’s Executive Director, Rafael Mares, was interviewed about how local CDCs are looking to build new tools to act in the rare instances when housing prices drop.

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Since OppCo was founded in 2018, you could say we’ve engaged in a process of building the plane while flying it. The pandemic made for some very turbulent skies, but it also proved the power of our model. We never expected to celebrate OppCo’s third birthday via Zoom in the midst of a global pandemic, but we are incredibly proud of the work we and our partners have completed to reach this milestone. The pandemic is not over, but our “test flight” is. Our plane is built, our model works, and we are ready to expand.

Shelterforce: The residents of OppCo-supported apartments have lower rates of COVID-19.