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 focused on various initiatives including the Cal Assist program, which provides mortgage assistance to disaster-affected homeowners and has recently expanded eligibility to include owners of multiple properties. The board discussed the successful issuance of sustainability bonds supporting affordable housing and the legislative updates concerning the housing trailer bill, which includes structural changes to the housing development and finance committee. The board also reviewed the permanent loan approval for the Sky Castle project, a significant adaptive reuse development in downtown Los Angeles, and recognized staff achievements, including the Great Place to Work certification.
