California Housing Finance Agency General Board Meeting
The board meeting primarily focused on personnel and executive leadership evaluations, including performance reviews for the Chief Deputy Director and the Executive Director. The board approved salary increases for both the Chief Deputy Director and the Executive Director. Additionally, updates were provided on the disaster rebuilding program, the status of housing development regulations, and the appointment of a new Chief Deputy Director. The board also discussed the agency's participation in upcoming national and local housing finance conferences.
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The meeting commenced with roll call followed by the approval of the minutes from the January 2nd meeting. Key discussion points included appreciation for staff contributions to the strategic planning workshop and the positive momentum of the organization. Updates were provided on the Cal Assist disaster recovery program, which saw 581 applications on day one following a governor's announcement. Progress on the Dreamforall program was also noted, with the portal opening soon. Further updates covered recent listening sessions with multifamily developers in San Diego and with the Central California Tribal Chairman's Association. The board also received an annual board governance training presentation covering fiduciary duties such as duty of care, duty of loyalty, and duty of obedience, alongside discussions on open meeting requirements, conflict of interest, and financial reporting responsibilities.
