During the recent CalHFA Audit & Risk Management Committee meeting held on September 18, 2025, key discussions centered around the ongoing audit processes and risk management strategies that directly impact California's housing finance landscape.

The meeting featured insights from audit professionals, including Kevin Smith and Chris Matika from EideBailey, who provided updates on the current audit status and highlighted areas of focus for improving financial oversight. Their expertise is crucial as CalHFA continues to navigate the complexities of housing finance, ensuring that funds are managed effectively and transparently.

One significant topic addressed was the importance of robust risk management practices. The committee emphasized the need for proactive measures to identify and mitigate potential risks that could affect housing programs and services. This focus is particularly relevant as California faces ongoing challenges in housing affordability and availability, making effective financial management essential for supporting community needs.

In addition to the audit updates, the committee discussed strategies for enhancing communication and collaboration among stakeholders. This approach aims to foster a more inclusive environment where community voices can be heard, ultimately leading to better housing solutions for residents.

As the meeting concluded, the committee reaffirmed its commitment to transparency and accountability in its operations. The outcomes of these discussions will play a vital role in shaping future policies and initiatives that directly benefit California residents seeking affordable housing options. The next steps will involve implementing the recommended strategies and continuing to monitor the effectiveness of current practices to ensure that the state's housing finance system remains resilient and responsive to community needs.