Derrick Wada
About Derrick Wada
Title: Director of Real Estate Development
Derrick Wada holds the title of Director of Real Estate Development at CEDC, a position he has excelled in since 2023. With comprehensive oversight of affordable housing projects, Derrick's role involves guiding developments from site acquisition through to leasing and financial planning. His leadership is integral to CEDC's mission to provide sustainable housing.
Experience in Affordable Housing Development
With more than a decade of experience in the field of affordable housing development, Derrick Wada brings substantial expertise to his role. He has effectively managed and overseen numerous new construction projects, demonstrating depth and breadth in all facets of development, including site acquisition, predevelopment, construction, lease-up, and financial projections.
Achievements in Real Estate Development
Derrick Wada's career highlights include successfully managing several new construction projects. His achievements reflect his deep understanding and ability to navigate the complexities of real estate development and his commitment to creating affordable housing solutions.
Expertise in Funding Sources for Housing Projects
Derrick Wada is proficient in leveraging a wide array of funding sources essential for affordable housing projects. His expertise includes navigating programs such as Low-Income Housing Tax Credits (LIHTC), County of Ventura HOME, Community Development Block Grant Disaster Recovery (CDBG-DR), Permanent Housing for Lower Income Adults (PHLA), City of Oxnard programs, the California Department of Housing and Community Development (HCD), Multifamily Housing Program (MHP), Affordable Housing and Sustainable Communities Program (AHSC), and the Veterans Housing and Homelessness Prevention Program (VHHP).