Nicole Galiano

The executive committee held its inaugural meeting to establish its governance and operating framework. Key agenda items included the adoption of the HDFC committee charter, a first read of the proposed 2026 meeting calendar, and a discussion regarding the timeline and recommendations for a consolidated application process and aligned compliance monitoring. The committee reviewed the vision and mission statements and identified priorities for streamlining state housing finance efforts.

This document outlines a draft strategic plan focused on ensuring every Californian can build a thriving life in a stable home by delivering reliable financing solutions. The plan has three main goals: advancing housing opportunities through expanded programs and innovation, fostering thriving communities via expanded partnerships with government entities, and efficiently delivering reliable financing solutions by modernizing processes and developing an empowered workforce.

The Board discussed updates on the California Dream for All Program, the CalAssist Mortgage Fund's disaster recovery support, and the progress of the Housing Development and Finance Committee. The New Opportunities Committee reported on lending opportunities. The Board approved several permanent loan increases for multifamily housing projects, including Victoria Flats, 960 Howard Street, Sherman Apartments, and Marinwood Plaza. Additionally, the Board received a state and federal legislative update and engaged in a discussion regarding accessibility for program applicants, development incentives in Opportunity Zones, and the need for outcome reports on innovative projects.

The board meeting covered several key items, including updates on the executive director's confirmation and new staff appointments. Significant discussion focused on the agency's strategic plan and progress updates on multiple housing programs, including the Dream for All program, the mixed-income program, and the newly announced Los Angeles disaster rebuilding fund. Additionally, the board approved a $31,189,127 first lien CalHFA permanent loan and a $4 million MIP subsidy loan for the Sierra Vista Apartments project in Roseville.

The Board of Directors meeting included discussion and potential action on final loan commitments for the Sierra Vista Apartments in Roseville and La Estancia in Los Angeles. Additionally, the agenda covered a review of the draft Fiscal Year 2026-29 Strategic Plan, informational reports regarding the Strategic Plan and Operating Budget for the third quarter of Fiscal Year 2025/26, and an opportunity for public comment on matters under the Board's authority.