Courtyard at Harvard Apartments

About the project

Since 1981, the Cabrillo Economic Development Corporation (Cabrillo EDC) has been guided by a simple belief: a home is much more than just a structure or a place to live. The largest developer of affordable housing in Ventura County, Cabrillo EDC helps historically excluded populations achieve homeownership and build resilient communities, with a special focus on low-income and farmworker families, those with disabilities, and the elderly.

Cabrillo EDC is headquartered in Ventura, CA, with affordable housing developments spanning Ventura and Santa Barbara counties and adjacent areas in Los Angeles County.

LISC provided a $1.88 million permanent loan to support the Courtyard at Harvard Apartments project. LISC's loan will refinance sponsor debt, pay off a developer fee and recapitalize the replacement reserve for a 35 unit affordable multifamily housing property in Santa Paula, CA.