What is Cabrillo Economic Development?
Cabrillo Economic Development Corporation, founded in 1981, stands as the premier developer of affordable housing in Ventura County. The organization is dedicated to fostering self-sufficiency among individuals and families facing economic challenges by providing comprehensive housing services and community economic development initiatives. With a portfolio of 1,314 units across 27 properties, Cabrillo serves low-income families, seniors, and individuals with disabilities, recognizing secure and quality housing as a fundamental pillar for community well-being. Their impactful work extends across Ventura and Santa Barbara counties, enhancing the quality of life for thousands.
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
What's next for Cabrillo Economic Development?
The recent strategic investment signals a phase of significant growth and expansion for Cabrillo Economic Development. This capital infusion is expected to bolster their capacity to develop and manage more affordable housing units, potentially enabling the organization to broaden its community economic development programs. As a large-scale, late-stage entity, Cabrillo is well-positioned to leverage this financing for further impact, addressing critical housing needs and enhancing economic opportunities within the communities it serves.
See full Cabrillo Economic Development company page
