Cabrillo Economic Development Corporation Appoints Billy Hughes as New Director of Real Estate Development
Hughes offers extensive experience in real estate to help ensure access to quality, affordable housing.
- Ventura, CA (1888PressRelease) January 21, 2023 - Billy Hughes has joined Cabrillo Economic Development Corporation (CEDC), the largest developer of affordable homes in Ventura County, as Director of Real Estate Development. Utilizing over 30 years of experience in the real estate industry as a developer, investor and lender, Hughes will manage and oversee CEDC’s affordable housing activities, and train and supervise project management staff. He will be taking charge of project development and ensuring successful transitions of CEDC’s projects from construction to operation. Hughes has demonstrated experience with affordable housing resources and programs and an ability to work effectively with groups in the community to listen and respond to questions and concerns.
“I am delighted and honored to be joining the Cabrillo EDC Executive Management team,” said Hughes. “After 3 decades of learning and working in the real estate industry, I intend to bring my expertise and knowledge to the development of affordable housing communities that are vital to so many members of the Ventura County community.”
Before joining CEDC, Hughes was the Managing Member of Black Point Investments, LLC (BPI), where he directed the acquisition and renovation of over 3 million square feet and nearly $1 billion in historic renovations including the re-purposing of several textile mills and historic schools. Hughes was the former president at Bi-Coastal Communities which developed affordable multifamily housing throughout the southeast. Hughes successfully developed over 2000 units totaling over $300 million in affordable housing and senior housing. His work with housing and developing authorities was recognized when he was named “Developer of Choice” by the Fulton County Housing Authority.
“Cabrillo EDC was looking for someone who is committed to our values and our mission of meeting housing needs of lower income families and individuals,” said Margarita H. de Escontrias, CEO of Cabrillo EDC. “We believe that Billy Hughes has the dedication and excitement necessary to help us continue carrying out our meaningful work and benefit the community.”
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.
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