Company Milestones


2013

KDF purchases 80-unit property in Indio.  KDF worked closely with HUD to extend the existing rental assistance contract for 20 years, thereby ensuring long-term affordability for the property’s tenants.  KDF’s comprehensive renovation at the property includes installation of solar panels.
   
2012 KDF purchases 68-unit property in Sylmar using tax-exempt bonds issued by the Los Angeles Housing Department.   KDF advances its commitment to energy conservation by committing to improve energy efficiency at the property by 20% or more.
   
2011 Solar panels are installed at our 228-unit Village at the Crossing senior housing community in San Bruno, CA
   
2007 Total affordable housing units developed and owned by KDF surpasses 5,000, making the company one of the largest affordable housing developers in California.
   
2007 KDF receives the Gold Nugget award for Best Senior Housing Project by The Premier Building Show for The Village at the Crossing development in San Bruno, CA.
   
2006 KDF closes 10 affordable housing transactions during the year, placing it among the most active affordable housing developers in the country in 2006.
   
2005 KDF commences construction on a $60 million, 228-unit, 4-story senior affordable housing development in San Bruno, California.
   
2004 KDF, in partnership with the City of Hesperia, receives an award for HOME funds to develop a 110-unit affordable housing complex called Sunrise Terrace I. The development would be the first of three projects that KDF develops in the City of Hesperia with HOME funds and City RDA funds.
   
2003 KDF purchases a 231-unit project in the City of Oakland called City Towers. KDF initiates a $4 million rehabilitation of the entire project. KDF also constructs a 5,000 square foot on-site Head Start program that provides a full-time education program for children ages 3 to 5.
   
2002 KDF purchases its largest property, the 354-unit Valley Palms Apartments in San Jose.
   
2001 City Of La Habra gives KDF a beutification award for the renovation of Cypress Villas.
   
2000 Total affordable housing units developed and owned by KDF surpasses 1,000.
   
1999 KDF develops Park Glenn Senior Apartments in Camarillo, which is the company’s first new construction project.
   
1997 KDF purchases Malabar Apartments in Garden Grove, its first affordable housing development.
   
1996 Paul Fruchbom and Mark Hyatt form KDF Communities to develop apartment communities in California.