Cabrillo Economic Development

What Cabrillo Economic Development does

Cabrillo Economic Development Corporation (CEDC) is a 501(c)(3) nonprofit affordable housing developer founded in 1981 and headquartered in Ventura, California. The organization develops, owns, and manages affordable rental housing across Ventura and Santa Barbara counties, operating 27 properties comprising 1,314 units and having developed more than 1,800 affordable homes over its 40-plus-year history. Its portfolio serves five primary resident segments—low-income families, farmworkers, seniors 55 and older, veterans experiencing homelessness, and individuals with disabilities—with rents restricted to households earning 20–80% of Area Median Income and acceptance of Section 8, VCBH, and VASH housing vouchers.

CEDC's core business is vertically integrated across four functions: real estate development (planning, financing, and construction of new affordable communities, with sustainable design features such as solar integration), property management (tenant placement, maintenance, rent collection, and housing authority compliance), resident and community services (educational programs, financial coaching, wellness activities, youth enrichment), and capital raising. Projects in the development pipeline extend through 2028 and include Camino de Salud, Chaparral Place, Topa Vista Villas, and Casa Caritas, alongside recently completed Dolores Huerta Gardens (58 units, Oxnard) and Village Senior Apartments (50 units, Buellton).

The organization's revenue model is a hybrid of (1) development-period capital from government sources—primarily LIHTC equity via the California Tax Credit Allocation Committee, California Department of Housing and Community Development grants, USDA Rural Development, HUD, and state/federal affordable housing programs; (2) corporate and foundation philanthropy (Home Depot Foundation, U.S. Bank, FHLBank San Francisco, Edison International, MUFG Union Bank); (3) recurring rental income from the managed portfolio; and (4) individual donations and corporate sponsorships managed through Bloomerang. Distribution is direct-to-tenant via property application processes, with the operating geography limited to Ventura and Santa Barbara counties. CEDC is governed by an independent Board of Directors, holds a California Department of Real Estate license (#01167019), and is a chartered member of the NeighborWorks America network.

Name

Cabrillo Economic Development

Legal name

Cabrillo Economic Development Corporation

Website

https://cabrilloedc.org

Company type

Private

Founded year

1981

Operating status

Operating

Headcount range

51–100 employees

Short description

Cabrillo Economic Development Corporation is a 501(c)(3) nonprofit affordable housing developer founded in 1981, operating 27 properties with 1,314 units across Ventura and Santa Barbara counties, serving low-income families, farmworkers, seniors, veterans, and individuals with disabilities in California.

Ownership category

akta.pro rank

Product category

Affordable Housing

NAICS

Rental and Leasing Services (532)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Operators (No Developers) & Lessors (6510)

akta.pro primary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

akta.pro secondary industry

Specialty CCRCs (e.g., Memory-Care-Focused, Veteran-Focused) (HLADAEAK)

Keywords

• Affordable housing development
• Property management
• Community services
• Supportive housing
• Tax credit development

Headquarters

HQ city

Ventura

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Government Grants and Funding: CEDC secures funding from government sources including California Department of Housing and Community Development, USDA Rural Development, HUD, and state housing programs. These grants fund land acquisition, predevelopment, and construction of affordable housing projects.
2. Corporate and Foundation Grants: Corporate foundation grants from organizations like Home Depot Foundation, U.S. Bank, and others support specific development projects and community programs.
3. Tax Credit Equity: California Tax Credit Allocation Committee provides tax credit equity as a major funding source for affordable housing development.
4. Rental Income: Rental income from 27 properties comprising 1,314 units serving low-income families, seniors, farmworkers, and veterans.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

CEDC is a nonprofit affordable housing developer and property manager that develops, owns, and operates 27 rental properties comprising 1,314 units across Ventura and Santa Barbara counties, serving low-income families, farmworkers, seniors 55+, veterans, and individuals with disabilities. The organization also delivers Resident & Community Services, including educational programs, financial coaching, wellness activities, and youth enrichment for residents of its housing communities.

Product overview

Cabrillo Economic Development Corporation (CEDC) operates as an affordable housing nonprofit offering a portfolio of housing and community services. The core offerings include Rental Housing (managed properties), Real Estate Development (new construction), Property Management, and Resident & Community Services. The organization manages 27 properties with 1,314 rental units across Ventura and Santa Barbara counties. CEDC also runs the Rodney Fernandez Leadership Fund Scholarship program for resident students. Current development pipeline includes projects such as Dolores Huerta Gardens (58 units, completed), Village Senior Apartments (50 units, completed), and upcoming projects Camino de Salud, Chaparral Place, Topa Vista Villas, and Casa Caritas.

Differentiator

Problem solved

Functional benefit

Products and services

• Rental Housing Affordable rental housing across 27 properties with 1,314 units in Ventura and Santa Barbara counties, serving low-income families, farmworkers, seniors 55 and older, and individuals with disabilities. Rents are income-based, with residents paying no more than 30% of gross income on housing costs.
• Real Estate Development Development of new affordable housing communities, including planning, financing, and construction management of residential properties for underserved populations. Funded through USDA Rural Development, Low Income Housing Tax Credit, and HUD programs.
• Property Management Management of affordable housing properties including tenant placement, maintenance, rent collection, and compliance with housing authority requirements for low-income households.
• Resident & Community Services Supportive services for residents of CEDC housing communities, including educational programs, community events, financial coaching, wellness activities, and youth enrichment programs.
• Dolores Huerta Gardens 58-unit affordable housing community in Oxnard, California, including 15 units for veterans experiencing homelessness. Built with support from a $200,000 Home Depot Foundation grant and recognized as SCANPH Project of the Year (Beyond LA) in 2025.
• Village Senior Apartments 50-unit affordable housing community in Buellton, CA for seniors, including units for senior high health users, senior veterans, and formerly unhoused veterans. Funded with $730K in FHLBank San Francisco Affordable Housing Program grants.
• Brisa Encina 49-unit affordable housing project in Mission Hills, Santa Barbara with units for veterans and individuals with mental illness. Features solar power and sustainable, carbon-free design elements.
• Rodney Fernandez Leadership Fund Scholarship Scholarship program that supports the education of CEDC resident students, offering awards up to $2,000 for college, university, or vocational school. Established in 2011 in honor of founding Executive Director Rodney Fernandez.
• Welcome Home Baskets Volunteer program that prepares and delivers welcome baskets to new residents moving into CEDC affordable housing communities, helping residents settle into their new homes.

Quantifiable outcome

• Over 1,800 affordable homes developed since 1981
• +4 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature1 record

Partnerships

Four partnerships are on record, tiered core, major and minor.

• PLACE (Projects Linking Art, Community & Environment)coreStrategic or Co-development Partner · 25 June 2025CEDC became Managing General Partner for Working Artists Ventura (WAV) LP, continuing partnership with PLACE as co-general partner. PLACE leads the artist qualification program and originally invited CEDC to join the project.
• NeighborWorks AmericacoreStrategic or Co-development Partner · 6 June 2025CEDC participates in NeighborWorks Week and network of nearly 250 organizations nationwide working to create opportunity, strengthen neighborhoods, and build affordable housing. NeighborWorks America, chartered by Congress in 1978, provides grants, training, and partnerships.
• McCarthy CompaniesmajorStrategic or Co-development Partner · 28 January 2025McCarthy Companies served as Legacy Builder Sponsor for Village Senior Apartments grand opening, providing preconstruction and general contracting services. Legacy Builder Sponsor reflects partnership built on trust, shared values, and commitment to community.
• GRID Alternatives Greater Los AngelesminorStrategic or Co-development Partner · 24 March 2022Collaboration to provide clean solar energy to senior communities. Final installation of 64 solar panels at senior community in Simi Valley to help offset energy costs.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Mercy Housing: One of the largest U.S. nonprofit affordable housing developers and property managers, operating across multiple states with service-enriched communities. Directly comparable to CEDC in mission, resident-services model, and reliance on LIHTC/HUD funding.
• Enterprise Community Partners: National nonprofit that develops and operates affordable housing using LIHTC and public funding, with deep resident-support programming. Closest peer to CEDC in combining development, ownership, and community services at scale.
• BRIDGE Housing: California-based nonprofit affordable housing developer and operator serving low-income families, seniors, and formerly homeless individuals. Highly comparable geography, population served, and LIHTC/HUD funding model.
• LINC Housing: Long-standing California nonprofit developing affordable and supportive housing across Southern California, including permanent supportive housing for special populations. Comparable model to CEDC including farmworker, senior, and veteran-focused communities.
• EAH Housing: California-based nonprofit affordable housing developer and manager with deep portfolio across the state, including senior and family properties. Comparable in scale, geography, and reliance on LIHTC/HUD financing.
• PATH Ventures (PATH): California nonprofit developing permanent supportive and affordable housing for people experiencing homelessness and low-income households, with a service-enriched model. Comparable resident population and supportive housing focus.
• Abode Communities: Los Angeles-based nonprofit developing and managing service-enriched affordable rental housing, including senior and family communities. Comparable service-rich model and California geography.
• Habitat for Humanity of Ventura County: Local Habitat affiliate operating in Ventura County, developing affordable and for-sale housing for low-income households. Direct geographic peer with overlapping mission and customer base.

Regional players

• Many Mansions: Southern California nonprofit providing affordable and supportive housing in Ventura and Los Angeles counties with service-enriched programs. Operates in the same regional market as CEDC with overlapping population focus.

Broad incumbents

• NeighborWorks America (Network): National network of nearly 250 affordable housing and community development nonprofits; CEDC is a chartered member. Represents the broader peer ecosystem and indirect parent of best-practice standards CEDC follows.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/CabrilloEDC
• Facebookfacebook.com/CEDCVC
• LinkedInlinkedin.com/company/1410268
• Instagraminstagram.com/cabrilloedc

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds6 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cabrillo Economic Development