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Tia Boatman Patterson
The California Housing Finance Agency announced Friday former executive director Tia Boatman Patterson will join the White House Office of Management and Budget as the associate director for housing, treasury and commerce in the new administration.
Boatman Patterson began serving on the CalHFA’s board of directors in 2012 and was appointed as Executive Director just two years later by then-Gov. Jerry Brown. According to a statement from CalHFA, Boatman Patterson would go on to lead CalHFA through its most successful period in its 46-year history following her appointment.
During her tenure, Boatman Patterson oversaw the expansion of CalHFA from less than $100 million in lending the year before she took over, to nearly $5 billion last fiscal year.
She also established CalHFA’s downpayment assistance program which offers a deferred-payment junior loan to first-time homebuyers, and the mixed-income program that provides construction financing on multifamily housing projects for a range of incomes.
Other efforts included a special needs housing program that allowed counties to continue financing housing for individuals with serious mental illness experiencing homelessness after the state’s Mental Health Services Act housing program ended in 2016.
At CalHFA, Boatman Patterson also worked with Apple to establish a California Bond Recycling program that saw Apple supplying a credit facility alongside a $2.5 billion commitment to combat California’s housing crisis.
The former director was reappointed last year by Gov. Gavin Newsom, for whom she also served for a year as a senior housing advisor.
“Tia’s tenacity, her leadership ability to build successful collaborative relationships and innovative ideas have turned CalHFA into a model for all other housing finance agencies in the country,” said Michael Gunning, acting chairperson of the CalHFA board of directors.
Boatman Patterson’s appointment arrives on the heels of a bold campaign platform Biden took in addressing America’s housing crisis.
The President’s Feb. 2020 housing plan detailed opportunities for every American to have access to housing that is affordable, stable, safe and healthy, accessible, energy efficient and resilient and located “near good schools” with a “reasonable commute to their jobs.”
To do so, Biden’s plan would invest $640 billion over 10 years, with a $100 billion Affordable Housing Fund to construct and upgrade affordable housing. Still, a collection of affordable housing groups have expressed some wariness over the American Rescue Plan’s affect on affordable housing.
Under the new administration, Biden has also brought back key CFPB players, appointed Marcia Fudge as HUD secretary and Jenn Jones as its new chief of staff (and then called the organization out to address racial equality), announced plans to release aid to Puerto Rico and extended the foreclosure moratorium.
There’s also that $15,000 tax credit proposal the industry is still keeping its eye on.
 “Our loss is the country’s gain, and I’m sure the Office of Management and Budget will benefit greatly from her deep passion and deep knowledge of housing,” said Lourdes Castro Ramírez, secretary of the Business, Consumer Services and Housing Agency, which oversees CalHFA.
Newsom has named CalHFA’s Don Cavier as acting executive director until a permanent replacement is appointed. Cavier has served as the organization’s chief deputy director under Boatman Patterson since 2015.
The post CalHFA’s former director to join Biden administration appeared first on HousingWire.

https://www.ncsha.org/wp-content/uploads/2018/04/Florida-Housing-Finance-Corporation-3.png Tallahassee, Fla. – Today, Governor Ron DeSantis unveiled his 2021-22 budget proposal providing $423.3 million for affordable housing programs from the State and Local Government Housing Trust Funds.  Funding at this level, especially during a pandemic, shows the Governor’s persistent leadership and commitment to safely housing our citizens. Florida Housing Board Chairman Ron Lieberman said,…

National Council of State Housing Agencies recognizes California program for producing more housing in less time and with less public subsidy
California’s Mixed-Income Program (MIP), which is administered by the California Housing Finance Agency (CalHFA) as a result of support and collaboration across all sectors of the government from Governor Gavin Newsom’s Administration to the Legislature to the State Treasurer’s Office, has won a national award for program excellence.
The National Council of State Housing Agencies (NCSHA) made the announcement at its annual conference Oct. 27, naming CalHFA’s program a 2020 winner in its Rental Housing: Encouraging New Construction category.

NCSHA praised MIP’s streamlined finance model that is producing more housing in less time and with less public subsidy.
“I’m proud of our team at the California Housing Financing Agency, and this award is a testament to their hard work to make the Mixed-Income Program a success,” said Governor Newsom. “The Mixed-Income Program, which has been operational for just over a year, is supporting the production of 3,468 units of housing, creating inclusive communities and helping to address the affordability crisis throughout the state.”
To date, CalHFA has committed $156 million in MIP subordinate loans to help thousands of families throughout the state at a mix of income levels from 30% to 120% of the Area Median Income.
Over the past few years, several state government actions set the stage for the design and implementation of MIP. Current Senate President pro Tempore Toni Atkins provided the initial vision and support – around $40 million annually – for a mixed-income program as part of 2017’s Senate Bill 2: The Building Homes and Jobs Act.
As soon as CalHFA started the program, Governor Newsom recognized it as one that could advance the Administration’s policy goals of jump-starting production, building housing for a range of income levels and prioritizing cost and time efficiency. With that in mind, the Governor and Legislature passed a 2019-20 State Budget that expanded the State Low-Income Housing Tax Credit Program and reserved up to $200 million of those new tax credits to be paired with MIP. It also provided a one-time allocation to CalHFA of $500 million in funds for low-and moderate-income development, a large portion of which went to expand MIP.

The additional funds and crucial tax credit reservation allowed the program to truly take off. A partnership with State Treasurer Fiona Ma, who oversees California’s Tax Credit Allocation Committee (CTCAC), made MIP a streamlined one-stop shop for private affordable housing producers to make use of these public resources.
“Working with CalHFA to make our state’s affordable housing finance delivery system more efficient has already paid big dividends,” said Treasurer Ma. “By increasing overall production at all income levels, this partnership has truly made a meaningful impact on California’s housing crisis.”
In its entry for the NCSHA Program Excellence Award, CalHFA cited an internal analysis that highlighted the speed and cost efficiency of MIP projects when compared to similar new construction affordable housing projects that received state resources at the same time. The findings showed MIP projects will cost $119,000 less per unit on average, will begin construction almost a year quicker and create more units outside of areas of concentrated poverty. In these ways, the program is part of CalHFA’s comprehensive strategy to advance fair housing through inclusivity and desegregation.
“When you see alignment of priorities from the Administration, the Legislature and the Treasurer’s Office, and a partnership between California’s housing finance delivery systems which efficiently addresses those priorities, you have a model for others to follow,” said CalHFA Executive Director Tia Boatman Patterson. “And the end result is more of the right kinds of housing in the right places for Californians who need it.”
The California Housing Finance Agency was created in 1975 with the goal of helping more Californians find a place to call home. CalHFA has helped more than 201,000 low- and moderate-income homebuyers with $32.6 billion in first mortgages and used $6.1 billion in financing for the construction and preservation of more than 70,000 affordable rental housing units throughout the state. CalHFA is a self-supported state agency that doesn’t rely on taxpayer dollars for its operational costs. For more information on CalHFA programs, and how we are creating progressive financing solutions for affordable housing in California, visit www.calhfa.ca.gov or call toll free at 877.9.CalHFA (877.922.5432).
View source version on businesswire.com: https://www.businesswire.com/news/home/20201030005560/en/
Contacts
Chris SaurPhone: 916.326.8604csaur@calhfa.ca.govwww.calhfa.ca.gov

https://www.ncsha.org/wp-content/uploads/2018/04/Pennsylvania-Housing-Finance-Agency-6.png A simple access point setup by PAHAF applicants will ensure the accurate and timely distribution of financial assistance HARRISBURG, PA – Earlier this year, day-to-day operation of Pennsylvania’s Homeowner Assistance Fund transitioned from a third-party vendor to the Pennsylvania Housing Finance Agency. This pandemic-relief fund provides financial assistance to qualified homeowners for mortgage and…

https://www.ncsha.org/wp-content/uploads/2018/04/Oregon-Housing-and-Community.png SALEM, Ore. — Oregon Housing and Community Services (OHCS) applauds Governor Tina Kotek who today signed bipartisan legislation addressing the state’s housing and homelessness crisis into law. “As Oregonians, we are bound by our shared values that all people have access to basic, fundamental needs to which affordable housing is fundamental,” said OHCS Director…