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

VENTURA, Calif. - Jan. 18, 2024 - PRLog -- Cabrillo Economic Development Corporation (CEDC) today 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.

"We are proud to support organizations like the Cabrillo Economic Development Corporation whose efforts help our communities thrive," said Wendy E Chau, Community Affairs Manager of Orange County/LA Central Coast.

For more information about CEDC and its programs, visit https://www.cabrilloedc.org/.

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About Cabrillo Economic Development Corporation

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.

About U.S. Bank

U.S. Bancorp, with approximately 75,000 employees and $668 billion in assets as of September 30, 2023, is the parent company of U.S. Bank National Association. Headquartered in Minneapolis, the company serves millions of customers locally, nationally and globally through a diversified mix of businesses including consumer banking, business banking, commercial banking, institutional banking, payments and wealth management. U.S. Bancorp has been recognized for its approach to digital innovation, community partnerships and customer service, including being named one of the 2023 World's Most Ethical Companies and Fortune's most admired superregional bank. To learn more, please visit the U.S. Bancorp website at usbank.com and click on "About Us."