805-659-3791
702 County Square Drive, 
FOR IMMEDIATE RELEASE
CEDC strengthens commitment to affordable housing and creative community development in Downtown Ventura (VENTURA COUNTY, Calif.) – June 25, 2025
Cabrillo Economic Development Corporation (CEDC) is pleased to announce it is stepping in as the Managing General Partner for Working Artists Ventura (WAV) Apartments LP, replacing the John Stewart Company (JSCo). CEDC will continue its partnership with PLACE (Projects Linking Art, Community & Environment), the project’s co-general partner.
Located in the Downtown Cultural District of Ventura, WAV provides affordable live-work spaces for artists from more than 20 countries, serving as a vibrant community hub for painters, sculptors, dancers, musicians, poets, actors, filmmakers, and other creative professionals. The community also offers supportive housing with social services for people transitioning out of homelessness, and transitioned aged youth, along with theater and gallery spaces programmed by WAV artists.
“At CEDC, we believe that safe, affordable housing is a foundation for human potential — and WAV exemplifies that belief in action,” said Victoria Brady, CEO of Cabrillo Economic Development Corporation. “This community embodies our mission to create housing that uplifts, empowers, and inspires. We’re proud to carry forward the vision of WAV as a place where artists and residents overcoming adversity can build stability, express themselves, and contribute to a vibrant, inclusive Ventura.” WAV was designed with the character of a small village, featuring varied building sizes and configurations. The community includes entrances and balconies that enliven adjacent streets, plus courtyards and open spaces that are collaboratively managed by the artists and open to the public. Constructed using green building technology, WAV currently houses 69 low-income residents, with priority given to artists.
PLACE, which will continue as co-general partner, originally invited CEDC to join the WAV Apartments LP, and leads the artist qualification program. The partnership between CEDC and PLACE exemplifies how collaborative approaches can create sustainable, inclusive communities that nurture both affordable housing and cultural vitality.
The City of Ventura has been and continues to be a significant supporter of the project, recognizing WAV’s importance to the downtown cultural ecosystem.
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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.
About PLACE
PLACE is a 501(c)(3) nonprofit team collaborating with cities to envision, create, and foster mixed-income, transit-oriented developments that feature the arts and affordable living opportunities. The communities they build demonstrate profound environmental design and empower the community to participate in every aspect of the development process. PLACE are community builders with decades of experience designing, financing, building, and operating places for the public benefit. Their mission is to create places that foster a sustainable, just and inspiring world. For more information, visit www.welcometoplace.org.
Media Contact
Leslie Barba, Fund Development and Communications Manager
Email: [email protected]
Phone: (805) 659-3791
