VENTURA COUNTY, Calif. - The Cabrillo Economic Development Corporation announced that it was awarded $26,246,464 on Thursday from the California Housing and Community Development Department (HCD).
The funding is part of the California Housing Accelerator Comeback Plan, which was 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," said Gustavo Velasquez, Director of the California Department of Housing and Community Development.
According to HCD, the designated grant funding clears the pathway for CEDC’s new Dolores Huerta Gardens property, a 58 unit affordable housing property slated to break ground in 2023 in Oxnard, CA.
The new development aims to provide housing to both the farmworkers and homeless veteran communities in the area, and will consist of 19 one-bedroom units, 21 two-bedroom units and 18 three- bedroom units according to HCD.
"During the pandemic, Ventura County homes rose 31% in price, and many low-income residents were struggling to afford to live in the county due to the lack of affordable housing options," said Margarita H. de Escontrias, Chief Executive Officer at Cabrillo EDC. "For many Ventura County residents, the newly planned Dolores Huerta Gardens community holds a great deal of hope and these much-needed California Housing Accelerator grant funds will help us start to break ground in 2023 on this new community."
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