"Mr. Sertich knows CalHFA and, even more importantly, knows the state's housing finance ecosystem from nearly every perspective, CalHFA Board Chair Jim Cervantes said in a statement. With CalHFA and its sister agencies moving into a new era under the umbrella of the California Housing and Homelessness Agency, Mr. Sertich's experience and expertise will be invaluable. Per a release from the agency, CalHFA helped 7,000 first-time and first-generation homebuyers in the last fiscal year."
"It financed more than 2,700 affordable housing units with its lending and bond issuance activities during that same period. The agency, which recently received the highest credit rating in CalHFA's 50-year history, also reported that it's administering disaster relief for mortgage holders and support for housing counseling. With CalHFA's financial strength expanding its ability to adjust to the dynamic housing market, and California's housing finance system reorganization opening up even more ways to create much-needed housing opportunities,"
Tony Sertich previously served at CalHFA as financing risk manager, director of multifamily programs, and director of enterprise risk management and compliance from 2005 to 2018. After his first tenure at CalHFA, Sertich served as State Controller Betty Yee's top housing adviser from 2019 to 2022 and represented her on the California Debt Limit Allocation Committee and the California Tax Credit Allocation Committee. CalHFA helped 7,000 first-time and first-generation homebuyers in the last fiscal year and financed more than 2,700 affordable housing units through lending and bond issuance. The agency received its highest credit rating in its 50-year history and is administering disaster relief for mortgage holders and support for housing counseling. Expanding financial strength and the reorganization under the California Housing and Homelessness Agency position CalHFA to create additional housing opportunities.
Read at www.housingwire.com
Unable to calculate read time
Collection
[
|
...
]