Tag: Cabrillo Economic Development Corporation (CEDC)

Cabrillo Economic Development Corp. (CEDC) — Gov. Newsom Announces Over $1 Billion in Housing Accelerator Awards

by Community Contributor • September 30, 2022 • Comments Off

The Cabrillo Economic Development Corporation (CEDC) announced on Sept. 29 that it has been awarded $26,246,464 from a California Housing Accelerator grant from the California Housing and Community Development Department (HCD). The funding is part of the California Housing Accelerator Comeback Plan, which is designed to assist in ending homelessness and providing affordable housing.

“The quick, strategic investments the state has made through the California Housing Accelerator brings us another step closer to the 2.5 million homes needed by 2030, as outlined in our Statewide Housing Plan,” said Gustavo Velasquez, Director of the California Department of Housing and Community Development. “Just one year after Governor Gavin Newsom announced the California Housing Accelerator, HCD has helped partners unlock the ability to construct over 5,000 quality affordable homes that were stuck waiting for funding. Roughly 80 percent of all Accelerator units will be for extremely low to very low-income households and unhoused residents.”

Cabrillo EDC, Village Senior Apartments Awarded $730K in FHLBank San Francisco Affordable Housing Program (AHP) Grants

by Community Contributor • September 7, 2022 • Comments Off

The Cabrillo Economic Development Corporation (CEDC) announced today that it has received an Affordable Housing Program (AHP) grant fromFHLBank San Francisco. The $730K grant will help fund Village Senior Apartments in Buellton, CA, and contribute to the development of 50 homes for low-income seniors ages 55 and older, including 13 affordable homes for previously unhoused seniors and 11 for seniors in need of home-based healthcare. The gated community will offer residents a social services delivery area, recreation room, a central courtyard for outdoor activities, and a community garden.

“CEDC has a bright future ahead of itself. We are leading the way in affordable housing for Ventura and Santa Barbara counties,”said Aiza Galdo, CEDC Board of Directors President. “Quality, safe, affordable housing and the way it transforms lives is what drives us here at Cabrillo to ensure we are constantly working towards providing more housing options in our community. We have two great projects that are currently in the pre-development stages. One of those is Village Senior Apartments located in Buellton’s beautiful wine country, providing senior housing mixed with veteran homeless housing.”

Cabrillo EDC Project Manager Accepted into Prestigious Housing Development Training Institute

by Community Contributor • August 16, 2022 • Comments Off

he Cabrillo Economic Development Corporation (CEDC) on Aug. 16 announced that Ryan Ortiz as the newest selection for the prestigious Housing Development Training Institute (HDTI).

Ryan Ortiz, CEDC Project Manager – Real Estate Development Department (REDD), helps develop and manage service-enriched, inclusive residential communities, ensuring access to affordable, secure, quality housing that creates the foundation for our residents to grow and thrive. REDD’s primary function is to complete the acquisition, finance, and pre-construction stages of affordable housing development.

Housing for a Healthy California Program (HHC) Awards $11.6M to Non-Profit Sponsor Cabrillo Economic Development Corp.

by Community Contributor • August 5, 2022 • Comments Off

The Cabrillo Economic Development Corporation (CEDC) is excited to announce it was competitively selected to receive funding from the HCD Housing for a Healthy California Program for two affordable housing developments located in Ventura and Santa Barbara Counties.

In the ongoing effort to address California’s housing affordability and homelessness challenges, the California Department of Housing and Community Development (HCD) has awarded two CEDC developments with funding from the Housing for a Healthy California Program (HHC) to preserve and build new affordable homes.

The Cabrillo Economic Development Corporation (CEDC) is the largest developer of affordable homes in Ventura County and is best known for providing comprehensive, well-designed affordable housing services and community economic development activities in Ventura and Santa Barbara Counties.

Cabrillo Economic Development Corporation Announces New Director of Real Estate Development

by Community Contributor • November 13, 2020 • Comments Off

The Cabrillo Economic Development Corporation (CEDC) is excited to announce Gustavo Almarosa as their new Director of Real Estate Development.

The Cabrillo Economic Development Corporation (CEDC) is Ventura County’s largest developer of affordable housing with an additional project in Santa Barbara County, and is best known for providing comprehensive, well-designed affordable housing services with community economic development activities.