VENTURA, California ― Rabobank N.A. has awarded Cabrillo Economic Development Corporation a $5,000 Community Development Grant to assist in offering financial education classes through Cabrillo’s HomeOwnership Center.
The center provides pre and post-purchase homeownership workshops; debt management and financial capabilities counseling; and foreclosure prevention counseling.
“We offer a variety of counseling services and educational programs to assists homeowners in purchasing their first home or preventing foreclosure. We also support seniors interested in understanding the financial implications of using a Home Equity Conversion Mortgage, or Reverse Mortgage, to meet their cost of living,” said Omar Madrigal, director of Cabrillo’s HomeOwnership Center.
In 2016, the HomeOwnership Center helped create 68 new homebuyers and provided financial counseling and education to 506 households, which had a financial impact of $26,398,249 on Ventura County economy.