Owen Derry
President at Development Finance Associates, Inc.
- Role
- Senior Associate Broker at Anytime Loan
- Location
- Auburn Hills, MI, US
- LinkedIn followers
- 500 followers
About Owen Derry
Development Finance Associates, Inc.(DFA) has been providing real estate development consulting services to not-for-profit firms and for-profit corporations since 1991. Services include conducting financial feasibility studies, locating predevelopment funds, preparing grant requests, providing assistance in land and building acquisition, assembling the development team (i.e, accountant, attorney, architect, engineer, environmental firm, general contractor, surveyor, title company, etc.), locating financing sources, preparing loan and low income housing tax credit allocation requests, negotiating terms and conditions with funding sources, closing, construction administration and project management, and various related services.A key service that DFA provides to its not-for-profit clients is technical training for staff so that the not-for-profit can move on to complete other projects on its own or expand its real estate development capabilities.DFA is, or has been, involved in the production of over 1,200 units of affordable housing using over $130 million in financing. Funding sources include low income housing and historic tax credit equity, HOME, HoDAG, SHP, CSBG, Section 1602, and CDBG funds, and funding from both for-profit and not-for-profit institutions. Several of these developments include social services and/or rent subsidies provided by or through a local non-profit provider.
Experience
Senior Associate Broker
Mar 2021 — Present
Education
U-M Ann Arbor
Bachelor of Business Administration (BBA), Finance, General
1975 — 1978
University of Detroit
Master of Arts (MA), Economics
1983
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