CalHFA executives provided several agency updates, including a report on a disaster mortgage assistance program, the governor's approved reorganization plan affecting housing agencies, upcoming strategic planning and workshops, and recognition for CalHFA's financial reporting.

Rebecca (full name not specified in transcript), a CalHFA executive, opened with an update on what she called the Calus Mortgage Fund, a disaster mortgage assistance program administered by CalHFA on behalf of the state. She said the fund has accepted applications for slightly more than a month for homeowners whose homes were destroyed or rendered uninhabitable by disasters occurring in the January 23'25 period; the program had received about 1,200 applications, with roughly 5% from outside the primary affected area and the majority from homeowners affected by the January fires in Southern California.

Rebecca said outreach continues through state partners including Cal OES and the Department of Housing and Community Development and community-based organizations, and that Spanish-language media and culturally competent outreach are part of the effort. She said the program evolved from COVID-related ARPA-funded relief elements and that staff are working to make the application process accessible.

Rebecca and Deputy Secretary Kergan briefed the board on the governor's reorganization plan to split the Business, Consumer Services and Housing (BCSH) umbrella into two agencies: a business/consumer-focused agency (including DFPI and consumer affairs) and a California Housing and Homelessness Agency focused on housing, homelessness and civil rights, with a cabinet-level secretary. Kergan described the reorganization as having gone through formal legislative review and passive approval processes and said the new agencies will be stood up formally on July 1. Rebecca said CalHFA would work with the administration over the next year to stand up elements including a new Housing Development and Finance Committee (HDFC) and to streamline asset management and a single application system for state affordable subsidy programs.

Rebecca also announced that CalHFA's Popular Annual Financial Report (PAFR) and annual comprehensive financial report had again earned the Government Finance Officers Association award for outstanding achievement for the eighth consecutive year. She recognized staff in communications and fiscal services, and announced a promotion: Kevin Brown was promoted to housing finance chief for multifamily programs.

Rebecca reminded the board of an upcoming strategic-planning workshop (the second of two sessions) and asked members to participate in shaping the agency's multi-year strategic goals. She noted staff would bring updates at future meetings and that CalHFA leadership is attending National Council of State Housing Agencies meetings to track federal policy changes.

Board members thanked staff for outreach and program work, asked clarifying questions about program outreach and eligibility and commended the agency on the award and staffing recognition. No board action was required on these information items.