California Housing Finance Agency 2011-2012 ANNUAL REPORT

SUPPORT SERVICES

 

Office of General Counsel


The Office of General Counsel manages the legal affairs of CalHFA by providing counsel on day-to-day operations and strategic initiatives. The office also supports CalHFA’s lending and insurance programs.

California Housing Finance Agency

THE NEW SAN FRANCISCO - OAKLAND BAY BRIDGE

The new Eastern Span for the San Francisco - Oakland Bay Bridge is set to open to the public Labor Day 2013 at an estimated cost of $6.3 billion. It is designed to withstand the largest earthquake expected over a 1500 year period, and it is expected to last at least 150 years with proper maintenance.

Accomplishments - Office of General Counsel

 

  • Assisted the Financing staff in negotiating collateral posting agreements with major swap counterparties, securitizing loans, bond sales and other strategies to enhance Agency liquidity and capital reserves
  • Provided support for implementation of programs to provide other sources of income and assisted in developing proposals for additional fee-based sources of income
  • Assisted with loss-mitigation strategies for single family programs, including the disposition of REO properties, curing delinquencies and mitigation of property risk
  • Managed litigation connected with the Agency’s single family portfolio from the still-struggling economy