Real Estate Development & Consulting
From Blueprint
to Bottom Line.
We turn complex real estate deals into funded, buildable realities for community development.
What We Do
Put Our Experience to Work
Every service connects back to a single mission: making complex real estate initiatives viable from start to finish.
Development
Whether you need a lead developer, a brokerage partner, or both, DFP delivers end-to-end capacity for your multifamily and mixed-use deals, from site acquisition and origination through to closing.
Consulting & RE Services
If your deal hits a wall with zoning, entitlements, and LIHTC applications, we help you close the gap. Developers, nonprofits, municipalities, and housing authorities rely on us to find a mutually beneficial path forward.
Subsidy Layering
Capital stack design is only half the work. We structure LIHTC, historic tax credits, HOME, and conventional financing to meet HUD’s SLR safe harbor standards. Then, we manage the review process through every stage of field office and headquarters approval.
Brokerage
Commercial real estate brokerage for owners, developers, and investors. Licensed with Keller Williams, David focuses on income properties, land assemblage for development sites, and disposition of stabilized assets.
Trusted HUD Partner for Subsidy Layering Reviews
David Petroni works collaboratively with clients, HUD field offices, HUD headquarters, and Housing Finance Agencies conducting their own SLR certifications. He manages required submission elements, responds quickly to questions and comments, and follows up proactively with reminders throughout the approval process at every level of review.
His experience as both a development partner and an affordable housing underwriter gives him a rare perspective, one that makes him effective at navigating complicated, multi-layered projects and delivering recommendations that hold up under federal scrutiny.
Partners / Client Experience
In Their Words
“David is great to work with on SLR requests from HUD. He works with us and the field office to go through required submission elements. He responds quickly to HUD questions or comments. He follows up with reminders through out the approval process which includes both the field and headquarters.
David is great because he understand the multi-faceted aspects of leveraging Federal funds within LIHTC projects. He was worked as part of our third party consulting team for many years. I think his experience as a development partner and his knowledge from underwriting affordable housing projects strengthens his ability to work through complicated projects and make viable recommendations in meeting the federal requirements.”
“IRG has redeveloped over four million square feet in Akron’s East End, including the new Goodyear world headquarters. When land adjacent to the campus became available, workforce housing was the logical next step. We sought to complement our internal resources and build the financing architecture for a LIHTC project. David came in as lead developer under OHFA, structured the deal, authored the application, and secured state credits in the first round. The award closed in under 11 months. This partnership opened a new line of business for IRG, and we are already working with David on our next transactions.”
“David is great to work with on SLR requests from HUD. He works with us and the field office to go through required submission elements, responds quickly to HUD questions or comments, and follows up with reminders throughout the approval process — including both the field and headquarters.”
“He’s been fantastic on our Myrtle Beach deal. Clearly knows his stuff.”
AUTHOR DAVID PETRONI
The 100-Year Pivot
Drawing on 37 years of experience in affordable housing development, Petroni examines how the LIHTC program drifted from production to syndicated complexity, how institutional capital converted shelter into a portfolio asset class, and how well-intentioned rules now yield results no one wanted.
Let’s Talk About Your Next Move
Whether you need a development partner, a sounding board, or a subsidy layering review, we are here to help you move forward.