Board of Directors
C. FREDRICK CORNFORTH, BA, MDIV
Chief Executive Officer

As Chief Executive Officer, Fred develops and maintains the vision and mission of CDI. As development and construction projects expand and multiply, he oversees the development of the site and team make-up, company marketing, customer service, office management, corporate sponsorships, and approves all financial obligations. Always striving for good partnerships, he seeks new opportunities and strategic alliances with other companies and organizations. He plans, develops and establishes policies and objectives of the organization in accordance with Board directives and the company charter. As the prospects for new community and international developments arise, Fred is responsible for directing and coordinating financial programs to provide funding. Each department head is responsible for reporting to him as a corporate needs dictate.

Fred is a prolific developer with experience using Low-Income Housing Tax Credits, HOME Funds, USDA- Rural Development Sections 515 and 538 programs, Section 523 programs, Section 523 Mutual Self- Help, Section 502 Homeownership and Section 504 Home rehabilitation programs, and HUD programs such as Section 202, Section 811, SHOP and Supportive Housing Program (transitional housing). Fred also received certification from the Neighborhood Reinvestment Training Institute for “Developing with Low-Income Housing Tax Credits.” He has had good success in implementing several Federal Home Loan Bank Programs as well. Fred has directed the creation of a system generating about 1,200 new units, with another 1,500 to 2,000, in pre-development, per year.


BILL TRUAX, BA in Economics
President of CDI

Bill’s responsibilities include deal structuring for Low Income Housing Tax Credit developments, financial feasibility analysis, review of appraisal, market, environmental and site studies, site acquisition and contract negotiations, management of investor and lender partner relationships, preparing competitive applications for HUD, USDA, Housing Tax Credits, HOME, CDBG, NSP TCAP, TCEP, funds and other grants and loans in various states.

Bill is a Board Treasurer for Rugby Idaho, Inc, a non-profit with a mission to provide quality youth rugby programs and organized activities for youth participants in 1st-12th grade.  Rugby Idaho is dedicated to developing and encouraging good character, while teaching sportsmanship, respect, tolerance and physical fitness through the sport of Rugby.

Bill is also a past Board Secretary and Treasurer for a non-profit homeless provider with $5MM+ annual operations.  He was also instrumental in creating a subsidiary non-profit development company to develop and acquire commercial, market rate, HUD 202, SRO, and transitional living facilities for homeless youth, seniors, women, and veterans and to stabilize non-grant revenue for the homeless shelter.  Previous experience includes serving as Executive Director of a non-profit Community Housing Development Organization (CHDO) that developed/ owned/ managed nearly 500 affordable housing units.

ED CORNFORTH
Chief Asset Manager & Logistics Officer | President of Somerset Pacific

Ed’s responsibilities include overseeing day-to-day operations and processes at the corporate office. He also manages and develops talent at the corporate office via progressive staff evaluation and goal setting asset management. This involves performing sites visits to the CDI properties managed by Somerset Pacific and third party management companies to ensure maximization and protection of assets, cash flow and global apartment community health. Ed’s position helps monitor, develop and implement policy changes.

Ed’s previous experience includes 25 years in the corporate worlds of UPS and Target Corporation, working in the areas of logistics and operations at the district and regional levels. His diverse and vast background is being utilized to create a “top performer” environment for each of the CDI Group of Companies.

ROB FRASER, BS in History, Minor in Construction Management
President of Castle Creek Construction Management, LLC

Rob provides design and budgeting during the application process; management design and entitlement during the preconstruction process; and construction management of the General Contractor and Architect during the construction phase. Rob also manages project closeout, warranty, and asset management inspections and the reporting after.

The past fifteen years Rob has constructed multi-family housing and senior housing projects throughout the western United States on over 50 developments. His sound leadership and organizational background has enabled Rob to successfully manage large projects within the framework of a continuously evolving building industry. Years of construction management experience provides Rob the insight required to satisfy the constraints of fast-pace schedules, staying within the limits of established budgets, and at the same time maintaining high standards of quality and workmanship.

COREY A. CHECKETTS, BA in Economics and Philosophy
Development Officer

Corey’s responsibilities include deal structuring, financial feasibility analysis, and overseeing the preparation of competitive applications for Low Income Housing Tax Credits, HOME funds, HUD 221(d) and 223(f), USDA RD 538, Federal Home Loan Bank Affordable Housing Program, and other grants and loans, as necessary. He reviews third party development reports such as appraisal, environmental, market, and other site studies. Corey works project close out, program compliance, and financial due diligence on development financing which includes construction loans, partnership closing, permanent financing, and the financing for other grants and loans, as necessary. He also is involved in site selection, contract negotiations and acquisition, and project lease-up. Corey helps to build and maintain relationships with financing partners and service providers. Since joining the CDI team in 2014, Corey has been actively involved in the development, construction, and asset management of four rural (over 150 units) and two tax-exempt bond affordable housing communities (over 350 units) totaling over 500 units of affordable housing which utilized LIHTC, USDA RD 538, HUD 221(d), Section 8, CDBG, HOME, and/or FHLB AHP financing. Additionally, Corey has played a critical role in the CDI pipeline, site selection, deal structuring, community outreach, and financing applications.

In a previous role Corey acted as Development Administrator overseeing financing applications, project management, financial due diligence, financial feasibility analysis, and construction administration related to the development, construction, ownership, and management of over 200 units of affordable housing. His past experience also includes knowledge of affordable multi-family development which specialized in various affordable housing programs.

VICKIE ENSLEY, Financial Management
Closing Manager

Vicki’s duties include managing due diligence review and processing for construction loans, home loans, equity partnerships, and permanent financing. She also manages the construction draw and oversees the equity installment process.

Vickie has 10 years of finance and collection experience in complex, multi-layered commercial real estate finance coordinating the loan process from land acquisition to stabilization. Previously, she worked with an affordable industry lender that provides permanent financing to LIHTC Properties. She has many years in various aspects of finance as both a supervisor and specialist.

DEBRA CABRAL, BS in Business Administration in Accounting
Controller

Responsibilities for Debra include accounting and finance procedures of various building projects for the Development Department. It involves tracking project progress with Excel and QuickBooks. She compiles literature and reports from the early developing stages through to the final phases of the finished product. Other duties include financial accounting, oversight of tax return preparations, maintenance and oversight of various accounting activities such as inter-company transactions, preparation of management reports, financial statements, accounts payable, and accounts receivable.

Debra’s 25 years of experience includes accounting in various industries, including construction accounting, job costing and bid processing with general and sub contractors. She also has experience in property management and Real Estate sales.

JANN SMITH, BS in Accounting, AS in Accounting, AS in Business Management
Assistant Controller

Jann brings 20 plus years of prior experience in accounting and management in agriculture, transportation, manufacturing and service organizations. Her responsibilities at CDI include maintenance and oversight of various accounting activities such as intercompany transactions, preparation of management reports and financial statements, accounts payable and accounts receivable. She also does preparation of financial statements, and the maintenance of accounts payable and accounts receivable, accounting for addition, improvement, and disposal of fixed assets. Other important duties include payroll and payroll taxes, monthly and year end adjusting and closing procedures.

MARIA MILLAN, Human Resources
Development Administrator

Maria has been with CDI over 8 years and provides support to the development teams in preparing and submitting financing applications for new projects. She also arranges the commitment of agencies to provide supportive services for residents, and tracks project compliance. Maria also hosts the semi-annual Board Meetings, coordinates CDI’s special events, and assists with the People of Peru Project.

In the past, Maria worked with the Community Council of Idaho as a Human Resources Specialist and for the Idaho Department of Health and Welfare as a Self Reliance Specialist. Her experience includes customer services, technical records specialist, and being an office manager for Building Specs, LLC. She is bilingual, speaking English and Spanish.

SHERRI ROWE
Accounting and Development Assistant

Sherri’s responsibilities include maintenance and assisting with accounting activities such as intercompany transactions, financial statements, accounts payable and accounts receivable. She is also the administrative assistant to the President of Castle Creek Construction Management.

Copyright 2014 CDI
4481 N Dresden Place, Garden City ID 83714
F. (208) 453.8109 - T. (800) 617.2498 - T. (208) 459.8522