Courtesy illustration.
New development will serve low-income and formerly unhoused residents in one of California’s least affordable counties
OJAI — Cabrillo Economic Development Corporation (Cabrillo EDC) announced today the successful closing of financing for Camino De Salud, a 49-unit supportive affordable housing development in the unincorporated Ojai Valley community of Mira Monte. Located at 11432 North Ventura Avenue, Camino De Salud will reserve half of its units for residents who are experiencing homelessness and have been high health users. The remaining units will serve low-income residents earning 50 percent or less of the area median income.
“The data on housing affordability in Ventura County is sobering, but every statistic represents a real person striving for stability and dignity,” said Victoria Brady, Chief Executive Officer. “Our work is about creating places where people can access the care, support and opportunity they need to rebuild their lives. That has always been the heart of Cabrillo EDC.”
Ventura County ranks among the least affordable places to live in the United States. According to the Center for Economic Research and Forecasting at California Lutheran University, a household must earn more than $363,000 annually to afford a median-priced home in Ventura County – nearly three times the income required to purchase a median home nationally.
The Ojai Valley recorded 44 people experiencing homelessness in the county’s 2023 point-in-time count. Camino De Salud will provide 49 units of supportive and affordable housing to a community where, according to the Center for Economic Research and Forecasting, the broader county has fallen more than 60 percent below the national average in new home production this decade.
Beyond providing housing, Camino De Salud is designed to help residents stabilize and rebuild. The three-story, elevator-served building will offer studio units with full appliance packages and in-unit Wi-Fi, along with on-site supportive services through a case manager and community partners. Additional amenities include a community garden, meeting space, laundry facilities, charging stations and bike storage.
Cabrillo EDC thanks the lenders whose commitment made Camino De Salud possible: the California Department of Housing and Community Development (HCD), the County of Ventura, Montecito Bank & Trust and Housing Trust Fund Ventura County. General contracting services are being provided by McCarthy Companies. Construction is beginning in March 2026.
About Cabrillo Economic Development Corporation (CEDC)
CEDC is the largest developer of affordable homes in Ventura County. Cabrillo’s success is the result of decades of passion, dedication and vision. With a mission of providing comprehensive housing services and community economic development activities, Cabrillo facilitates self-sufficiency for individuals and families who are lacking most in opportunity. Since its founding in 1981, the organization has been committed to providing affordable housing solutions and creating sustainable communities for those in need. CEDC works with a range of stakeholders, including government agencies, private sector partners, and community organizations, to address the housing needs of underserved populations.