VENTURA, Calif. - eTradeWire -- Cabrillo Economic Development Corporation (CEDC), Ventura County's leading affordable housing developer, today announced the upcoming retirement of its CEO, Margarita H. de Escontrias, effective January 2, 2025. Ms. Escontrias has served with distinction for over eleven years, leading CEDC in its mission to provide comprehensive housing services and community development opportunities for those most in need.

"On behalf of the Board of Directors, we express our deepest gratitude to Margarita for her unwavering leadership and dedication to CEDC," said Aiza Galdo, Chair of the Board of Directors. "Under her guidance, CEDC has delivered significant impact, expanded affordable housing options and positively transformed the lives of countless individuals and families."

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Ms. Escontrias' tenure has been marked by impactful achievements.  Under Ms. Escontrias' leadership, CEDC has made significant strides in addressing the affordable housing crisis, delivering additional affordable housing units to the community and significantly impacting the lives of the individuals and families that CEDC serves. Also raising awareness of critical housing issues, and navigating CEDC through challenges like the global pandemic, all the while strengthening the organization's mission and expanding its reach.

To ensure a smooth transition, CEDC's Board has appointed Victoria Brady, the current CFO, as Interim COO/CFO. Ms. Brady will officially assume the CEO role on January 1, 2025.

We thank Margarita for her exceptional service and wish her all the best in her well-deserved retirement. We are confident that under Ms. Brady's leadership, CEDC will continue to grow and fulfill its vital mission in our community.

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For more information about CEDC and its upcoming initiatives, please visit www.cabrilloedc.org

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About Cabrillo Economic Development Corporation
CEDC is 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. Since its founding in 1981, the organization has been committed to providing affordable housing solutions and creating sustainable communities for those in need. CEDC works with a range of stakeholders, including government agencies, private sector partners, and community organizations, to address the housing needs of underserved populations.