DFA Development, ‘Ikenākea Development, Laulima Development, and Ho’okahua Development build with a focus on affordable family, workforce and senior housing, incorporating mixed income, mixed-use and market-rate development.
3 Leaf | Hawaiian Community Development Board
‘Ikenākea Development combines a team of two organizations, 3 Leaf and Hawaiian Community Development Board, to work towards developing affordable housing for depressed and blighted communities across the state of Hawai’i.
available for families, seniors, and persons with special needs. Our success stems from obtaining low-income housing tax credit allocations for our non-profit, for-profit and housing authority clients. Together, 3 Leaf and HCDB bring complementary strengths to deliver a high-value product to a market that is traditionally the hardest to serve. ‘Ikenākea has a demonstrated ability to deliver on complex projects to serve low-income communities with dignity. We have built 253 LIHTC affordable housing units in Hawai’i, and have another 827 in the pipeline. With decades of experience and a proven track record of successful projects, we aim at continuing to give life to our vision of serving and creating low-income and workforce housing. ‘Ikenakea Development’s projects below are currently in progress.
Bringing the Vision to Life
‘Ikenākea means “having great wisdom with a specific vision for the community and aiming to breathe this vision into existence in the community.” It is a Hawaiian word that symbolizes the goals of the partnership: to create affordable housing opportunities in the various communities of Hawai’i. Effective low-income housing requires a vision for how a dwelling can become a home and transform the community’s future. We focus on providing quality residences for low-income and workforce housing.
Our approach includes working with the city and county government and community partners to develop, manage, and preserve affordable housing that strengthens communities. Well-versed in the industry, we create projects in everything from new construction to adaptive re-use and substantial rehabilitation. ‘Ikenākea Development dedicates itself to making quality affordable housing
PROJECTS
Please click on each project to learn more
3 Leaf | DFA Development
DFA DEVELOPMENT LLC builds with a focus on affordable workforce and senior housing, incorporating mixed income, mixed-use and market-rate development in their construction.
DFA is currently building multi-family community complexes that meet both individual, urban core/downtown and suburban growth planning needs. This type of development not only benefits communities but is furthermore eco-friendly, utilizes shared resources, and convenient in allowing working individuals to live closer to their job. An affordable choice for working Americans, DFA develops housing that is both attractive and sensible. DFA is a responsible, sustainable development company focused on providing housing throughout California, Hawaii and Texas.
Founded by Daniel Fred in 1982 and more recently joining 3 Leaf Holdings, DFA has provided development, planning and financial consulting services to public agencies, non-profit organizations and private firms since 1982. Focusing its efforts primarily on affordable housing, DFA has served as co-developer and/or financial advisor/development consultant with affordable housing agencies, aiding in designing and implementing programs to meet affordable housing objectives.
To achieve their goals in development, DFA utilizes financing from low-income housing tax credits, tax-exempt bonds, city redevelopment funds, HOME funds and existing permanent loans from USDA-Rural Development, as well as through private equity and conventional lending sources.
DFA is often retained by housing development corporations, housing authorities, cities, counties, and profit development companies interested in both restructuring existing debt and financing the construction of new affordable housing and the infrastructure serving that housing. Specifically in new construction and acquisition, DFA has served as the financial advisor in accessing 9% low-income housing tax credits, as well as 4% low-income housing tax credits with private activity mortgage revenue bonds. This work also has involved securing finances from a variety of other funding sources (e.g., HUD and FHA financing, California Dept. of HCD, Joe Serna Jr. Farmworker Housing Grant Program, USDA/RD 514 and 515 programs, 501(c)3 bonds, CalHFA, HOME, CDBG, Federal Home Loan Bank’s Affordable Housing Program, private foundations and private lenders).
DFA currently serves as the financial advisor to a number of housing authorities in California and is responsible for evaluating portfolios and advising housing authority staffs and Boards of Commissioners in all of their development projects. DFA has assisted these housing authorities in the disposition and demolition of outdated public housing and the redevelopment of the sites with contemporary housing developments.
PROJECTS
Please click on each project to learn more
3 Leaf | Hawaiian Community Development Board | Pacific Development Group
Laulima is the combined strength and experience of 3 Leaf, Hawaiian Community Development Board (HCDB), and Pacific Development Group (PDG) to focus on building affordable, workforce, and senior housing across the state of Hawai’i.
All Hands Working Together
Laulima means “all hands working together.” It is a Hawaiian word that symbolizes the goal of the partnership: to create affordable housing opportunities for low-income families across the state of Hawaii, and the practices of the partnership to work together to achieve that goal.
In all aspects of our projects, we work together with the community to achieve our goals. Collectiveness transcends into our projects and yields great benefits. This principle is important to our team, not only because it is rooted in Hawaiian culture, but because coming together is a beginning of something that will better the lives of people in the community. Laulima works to truly meet the needs of low-income families. Together the members bring complementary strengths to deliver a high-value product to a market that is traditionally the hardest to serve. Laulima Development has
extensive affordable housing and mixed-income housing experience in the Hawaii region. Working with city and county government and community partners to build low-income and workforce housing, we develop, construct, manage and preserve affordable housing that strengthens communities. These projects include housing in both urban and suburban areas and run the spectrum from new construction to adaptive re-use and substantial rehabilitation. We have been extremely effective in obtaining low-income housing tax credit allocations for our non-profit, for-profit, and housing authority clients under a very competitive application process. Laulima Development is proud of its achievements in the housing industry and its commitment to making quality affordable housing available for families, seniors, homeless, and persons with special needs.
PROJECT
Please click on project to learn more
Hale Makana O Maili
3 Leaf | Hawaiian Community Development Board
Ho’okahua Development is the combined strength and experience of 3 Leaf and Hawaiian Community Development Board to work towards developing affordable housing for depressed and blighted communities across the state of Hawaii.
Laying a Foundation
Ho’okahua means “to lay the foundation”. It is a Hawaiian word that symbolizes the goals of the partnership: to create affordable housing opportunities in the various communities of Hawai’i.
Ho’okahua works to truly meet the community’s needs for low-income housing. A community with a strong and stable foundation requires effective low-income housing to give people the basic and critical need of having a roof over their heads. In order to build upon the foundation of the community, it is necessary to coalesce public and private funding sources, contractors, consultants, and professionals to assess all possibilities, and ascertain a high-value project that yields positive results. Our approach includes working with the city and county government and community partners to develop, manage and preserve affordable housing
that provides a strong foundation for communities. Well-versed in the industry, we create projects in everything from new construction to adaptive re-use and substantial rehabilitation. Ho’okahua dedicates itself to making quality affordable housing available for families, seniors, and persons with special needs. Our success stems from obtaining low-income housing tax credit allocations for our non-profit, for-profit and housing authority clients. With decades of experience and history of successful projects, we aim at continuing our mission to lay a foundation for the community by providing low-income and workforce housing. In December of 2019, Ho’okahua Development’s project below was approved and awarded LIHTC from HHFDC.
PROJECT
Please click on project to learn more
Hale Makana O Maili, Ma’ili, Wai’anae, O’ahu