California Housing Finance Agency 2011-2012 ANNUAL REPORT

FINANCIAL SERVICES

 

Fiscal Services

The Fiscal Services division safeguards CalHFA’s cash and investments. The division reports financial information to the executive team that is critical to the management of the Agency’s programs in accordance with federal and state requirements. The division works with an independent accounting firm to prepare the Agency’s financial data audit.

California Housing Finance Agency

COLORADO STREET BRIDGE

The Colorado Street Bridge, designed and built in 1913,is a historic concrete arch bridge spanning the Arroyo Seco in Pasadena, California. It spans 1,486 feet and is notable for its distinctive Beaux Arts arches, light standards, and railings. The bridge is on the National Register of Historic Places and has been designated a National Historic Civil Engineering Landmark.

Accomplishments - Fiscal Services

 

  • Purchased or funded loans totaling $50.9 million:
    • $27.5 million for 4,891 CHDAP loans
    • $21 million for 60 MHSA loans
    • $1.4 million for one HELP loan
    • $435,000 for multifamily construction draws
    • $300,000 for one multifamily loan
    • $247,000 for two RDLP loans
  • Coordinated bond debt service and redemption payments totaling
    $1.51 billion
  • Paid swap payments of $104 million
  • Processed more than 31,000 invoices for payment
  • Processed more than 9,000 check and wire remittances