What is Cabrillo Economic Development?
Established in 1981, Cabrillo Economic Development Corporation operates as the preeminent developer of affordable housing in Ventura County. The organization functions as a multifaceted community development entity, bridging the gap between market-rate real estate constraints and the urgent need for low-income, senior, and disability-accessible housing. With a current footprint of 1,314 units across 27 distinct properties, the firm provides more than just shelter; it delivers comprehensive services designed to foster economic self-sufficiency among its residents. By prioritizing the intersection of quality housing and community well-being, Cabrillo has become an essential pillar of the regional social safety net, effectively mitigating the displacement risks associated with rising property values in Southern California.
How much funding has Cabrillo Economic Development raised?
Cabrillo Economic Development has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
Key Investors in Cabrillo Economic Development
PPP
Public-Private Partnership
What's next for Cabrillo Economic Development?
Looking ahead, the strategic deployment of the $350K will likely focus on the expansion of the organization's existing property pipeline and the modernization of its current housing stock. As the firm enters this next phase of growth, the emphasis will remain on scaling its impact through sustainable development practices and enhanced community programming. By leveraging its established reputation and deep regional expertise, Cabrillo is well-positioned to attract further institutional interest, potentially diversifying its funding sources to include more robust public-private partnerships. The focus will shift toward long-term asset management and the integration of innovative housing solutions that address the evolving demographic needs of Ventura and Santa Barbara counties, ensuring that the organization remains a leader in the affordable housing sector for decades to come.
See full Cabrillo Economic Development company page
