Cabrillo Economic Development Corp.

Street Address:
702 County Square Drive
Ventura, CA 93003


Phone: 805-659-3791
Fax: 805-659-3195
Website: www.cabrilloedc.org

Rodney Fernandez, Executive Director

Contact Name: Rodney Fernandez
Phone: 805-659-3791
Fax: 805-659-3195
Email: rfernandez@cabrilloedc.org


Staff Size: Full Time: 70    Part Time: 5

Background
Cabrillo Economic Development Corporation (CEDC) has progressed from a grower-owned labor camp to a countywide housing and economic development corporation serving diverse socio-economic populations. In 1975, farmworker families living in substandard housing conditions in Cabrillo Village (Saticoy, CA) received eviction notices from the labor camp’s grower-owners. Resisting the razing of their homes, 80 farmworker families raised money to purchase the land, started the Cabrillo Improvement Association (CIA), and became the land’s legal owners on Cinco de Mayo 1976. Over the next five years, the CIA rehabbed 80 homes, developed two new housing complexes totaling 79 units, started three new business ventures to expand the neighborhood’s economic base, and provided social services to farmworker families. In 1981, in a decision to expand past its original borders, a countywide community development corporation was formed that became CEDC. CEDC is now the leading non-profit affordable housing producer in Ventura County.

Mission
Cabrillo Economic Development Corporation's mission is "To provide comprehensive housing services, through a community building approach, that facilitate self-sufficiency for individuals and families who are most lacking in opportunity in Ventura and Santa Barbara counties and adjacent areas in Los Angeles county."

Total Operating Expense (9/30/2007): $4,335,234

 Lines of Business
  • Asset and Property Management

  • Community Building and Organizing

  • Home Ownership Promotion Services

  • Lending and Loan Portfolio Management

  • Real Estate Development


    • National NeighborWorks ® Programs
  • NeighborWorks Campaign for Home Ownership
  • NeighborWorks Community Building and Organizing
  • NeighborWorks Multifamily Initiative
  • NeighborWorks Rural Initiative

    • Accomplishments in FY 2008
  • Provided 391 families with pre- and post- purchase housing counseling.
  • Rehabilitated or repaired 0 rental or owner occupied units (1-4 units).
  • Assisted 85 families in purchasing a home through homeownership counseling, downpayment, closing cost or financing assistance.
  • Owned or managed 553 rental units.
  • Invested $ in the community through Cabrillo Economic Development Corp.'s revolving loan fund, which leveraged $27,154,112 from conventional lenders and other sources.
  • Total direct investment in the community is $27,154,112.

    • Additional Accomplishments
    Date Additional Accomplishment
    2/22/2008 Since its humble beginnings, CEDC has built over 1,100 units of affordable rental and for-sale housing, property manages 518 units across 14 properties, and has packaged more than $50 million in first mortgage loans serving more than 325 families. Additional accomplishments include moving a Community Building and Neighborhood Revitalization Division into operation in 2005, and rehabilitating and moving into a 24,000 square foot facility in June 2006. In 2007, among other successes, CEDC's NeighborWorks Home Ownership Center moved ahead an anti-abusive lending campaign among its education, counseling, and lending services and opened an office in Santa Maria (Santa Barbara County, CA) with an emphasis on foreclosure prevention. More information on recent accomplishments can be found on CEDC's website: www.cabrilloedc.org.

    Community Services
  • Community Building

  •  Clean-up Project

  •  Community Outreach and Organizing

  •  Community Planning

  •  Landscape and Neighborhood Beautification

  •  Leadership Training

  •  Neighborhood / Resident Crime Watch

  •  Tenant Organizing

  • Family Health Programs

  •  Afterschool/Tutoring Programs

  •  Christmas-Adopt a Family Program

  •  Conflict Resolution Programs

  •  English as a Second Language Classes

  • Financial Planning and Assistance

  •  Down-payment Assistance

  •  Financial Education

  •  Foreclosure Prevention Training

  •  IDA Savings Program

  •  Low Income Housing Tax Credit (LIHTC)

  •  Reverse Mortgage

  • Green Building and Home Improvement

  •  Energy Conservation Programs

  •  Renewable Energy Resources

  • Housing Programs and Home Ownership Counseling

  •  Home Ownership Center

  •  Home Ownership Counseling

  •  HomeBuyers Club

  •  Housing for Elderly

  •  Rental Housing

  •  Section 8 Housing


    • Board of Directors
    NameBoard Role/TitleSectorCompany/OrganizationJob Title
    Stephen BoggsBoard MemberBusiness Architect
    Zeeda DanieleBoard President EmeritaFinancial InstitutionFannie MaeSenior Deputy Director, Housing & Community Development
    Lena FreibergBoard MemberResidentCounty of Ventura 
    Jorge GuiterrezBoard MemberOtherVentura Unified School DistrictDirector of Facilities Services
    Paula GutierrezBoard MemberResident  
    Roy JassoBoard PresidentFinancial InstitutionWells Fargo BankCommunity Development Officer
    Gerard KapuscikBoard SecretaryCounty GovernmentVentura County WatershedSpecial Projects Program Manager
    Thomas E MalleyBoard MemberBusinessLaw Office of Thomas E. MalleyAttorney at Law
    Barbara Marquez-O'NeillBoard MemberOther Consultant
    Dennis MitchemBoard Vice PresidentE.F. Moore & Company 
    Jessica MurrayBoard MemberNon-Profit Institution Social Service Provider/Resident
    Dean PaliusBoard MemberNon-Profit InstitutionPeople Helping PeopleExecutive Director
    David RodriguezBoard MemberNon-Profit InstitutionLeague of United Latin American Citizens 
    David SabedraBoard TreasurerFinancial InstitutionLos Padres BankSenior Vice President
    Debora SchreiberBoard MemberResidentCommunity Representative 

    About the NeighborWorks ® Network
    The NeighborWorks® network is a nationwide network of more than 240 community development organizations working in nearly 4358 urban, suburban and rural communities across America. These organizations engage in revitalization strategies that strengthen communities and transform lives. In the last five years alone, NeighborWorks® organizations have generated more than $8.5 billion in reinvestment and helped more than 500,000 families of modest means purchase or improve their homes or secure safe, decent rental or mutual housing.

    NeighborWorks ® America Contact Information
    District:  Pacific
    Name:  Laurie Delman
    Phone:  714-940-0144x26
    Toll-Free:  
    Fax:  714-940-0973
    Email:  ldelman@nw.org