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In the world of affordable housing development, individuals like Derrick Wada stand out for their commitment to progress and change. His dedication and expertise in the field make Derrick a pivotal figure within Cabrillo Economic Development Corporation (CEDC), bringing with him a wealth of experience and a deep-rooted passion for creating sustainable housing solutions. Derrick’s commitment extends beyond work, he also volunteers for the Ventura County Homeless Count, serves on the Boys & Girls Club of Greater Oxnard and Port Hueneme Board of Directors, Housing Trust Fund Ventura County Board of Directors, and the Housing Land Trust Ventura County Board of Directors – so he understands the need for affordable housing firsthand.

Derrick joined CEDC in October 2023 as the Director of Real Estate Development, marking the beginning of a new chapter for the organization. Prior to joining CEDC, Derrick spent over a decade at a different nonprofit organization in Ventura County, where he led real estate development efforts, specifically spearheading initiatives in affordable housing. His transition to CEDC was fueled by a desire for change and a deep appreciation for the organization’s values and mission.

What sets CEDC apart for Derrick is its commitment to diversity and community impact. At CEDC, Derrick found a platform to not only continue his work in affordable housing but also to expand his reach to underserved populations, such as farmworkers—a demographic close to his heart. Beginning in the 1950s, Derrick’s family were farmer/growers in Ventura County for many years. The organization’s geographical footprint, spanning across Ventura County and extending into Santa Barbara County, further resonated with Derrick’s vision of making housing accessible to all.

In his role at CEDC, Derrick serves as a guiding force, overseeing the management and execution of affordable housing initiatives. His responsibilities encompass every stage of the development process, from initial planning to construction and beyond. Derrick’s leadership extends beyond project management; he actively mentors and supports the team, fostering a culture of growth and excellence within the organization. He also noted what a strong team CEDC has in the development department and how fortunate he is to work with them.

A highlight for Derrick has been moving multiple projects through the pipeline and witnessing their progress. The milestones achieved in these new housing developments are a testament to his dedication and expertise in navigating complex financing structures and regulatory processes. As the projects near their construction phases, Derrick’s hands-on approach and proactive mindset have been instrumental in overcoming challenges and ensuring success. When asked about his experience so far, Derrick shared, “It’s been rewarding. I’m passionate about what I do and committed to CEDC’s mission. It’s been an amazing experience so far.”

Derrick’s expertise spans a wide spectrum of affordable housing development, encompassing everything from site acquisition to financial projections. His positive, can-do attitude, coupled with his adeptness in navigating various funding sources, including tax credits, grants, and loans, has been pivotal in securing resources for CEDC’s projects.

As CEDC continues its mission of providing affordable housing solutions to the community, Derrick Wada will play a key role in driving change and making a tangible difference in the lives of individuals and families. His commitment, passion, and positivity serve as an inspiration, reaffirming the importance of dedicated individuals in creating a more inclusive and equitable society.