Cabrillo Economic Development
Cabrillo Economic Development is a leading developer of affordable housing in Ventura County, founded in 1981, providing housing services and community development for underserved populations.
Company History and Foundation
Cabrillo Economic Development was founded in 1981 and has since grown to become the largest developer of affordable homes in Ventura County. The company was established to provide comprehensive housing services and community economic development activities, aiming to support individuals and families with the least opportunities in Ventura, Santa Barbara, and adjacent areas in Los Angeles counties.
Affordable Housing Services
Cabrillo Economic Development specializes in developing and managing affordable housing units. The organization manages 24 properties totaling 1,129 units. These housing units are specifically designed for low-income families, farmworkers, seniors aged 55 and older, and individuals with disabilities. The organization aims to provide safe and affordable housing solutions for those who need it the most.
Community Economic Development Initiatives
Besides providing housing services, Cabrillo Economic Development is deeply involved in community economic development activities. These initiatives are designed to foster self-sufficiency for residents in Ventura, Santa Barbara, and nearby Los Angeles counties. The company's programs include various support services aimed at empowering residents to achieve economic stability and improve their quality of life.
Funding and Grants
Cabrillo Economic Development receives funding from multiple programs, including the U.S. Department of Agriculture Rural Development, Low Income Housing Tax Credit/Tax Credit Allocation Committee, and the U.S. Department of Housing & Urban Development. The organization has also been awarded a $200,000 grant from The Home Depot Foundation for the development of Dolores Huerta Gardens Apartments, as well as a $5,000 grant from The Foundation of VCCU. These funds are crucial in enabling Cabrillo Economic Development to continue its mission of providing affordable housing and support services.