Cabrillo Economic Development Corporation receives $75,000 from U.S. Bank

Snapdragon Place Apartments is just one of the CEDC’s Ventura projects.

Cabrillo Economic Development Corporation (CEDC) announced it has received a $75,000 contribution from U.S. Bank. The grant will be used to help create safe and stable housing for children, families and communities to thrive.

“Creating equitable living opportunities for families in our community requires resources, and we appreciate the support from U.S. Bank. With their support, we are able to continue building and expanding our options of safe and affordable housing for local families,” said Margarita H. de Escontrias, Chief Executive Officer at CEDC.

CEDC develops and manages service-enriched, inclusive residential communities, ensuring access to affordable, secure, quality housing for lower-income families in the community. Through this work, they also provide residents in their properties with programs that include homework clubs, education for adults and youth, fitness and nutrition classes, empowerment and leadership training, and more.

U.S. Bank is committed to powering human potential and creating lasting change in communities. The bank does this through the Community Possible platform, including philanthropy, community investments and team member volunteerism.

The Cabrillo Economic Development Corporation has been making dreams come true, one home at a time, since 1981. Proud to be 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 most lacking in opportunity. At Cabrillo, home is more than a place to live – it is the cornerstone of the community’s economic, environmental, and social wellbeing.

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