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Public commenter urges transparency as CalHFA reallocates mortgage settlement funds
Summary
A member of the public urged CalHFA to publish clear findings, performance metrics and regular reporting as the agency reallocates $44M of National Mortgage Settlement funds alongside $56M in state funds for disaster recovery programs.
During public comment on the Disaster Rebuilding Assistance program, Ruby Torralva urged the California Housing Finance Agency to strengthen transparency and public accountability around major financial decisions.
Torralva noted the board was considering reallocating $44 million in National Mortgage Settlement funds combined with $56 million in state general fund resources and asked that the agency support major decisions with publicly understandable findings, measurable performance standards and regular reporting so Californians can see where funds were spent and what results followed. Ellen Martin acknowledged the comment and said staff would publish program term sheets and guidelines with the early‑August announcement and monitor program uptake.
