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Next Board Meeting

Dates, Locations and Board Materials for upcoming Board Meetings.

Press & Media

CalHFA press releases, articles that have appeared in newspapers and other media.

2012/2013 Annual Report

The FY 2012/2013 Annual Report and its supporting documents are now available online.

Senior Staff Profiles

Claudia Cappio, Executive Director since April 2011.  B.A., Ohio Wesleyan University. Previously: Principal at Sparticles LLC, a planning and development consulting firm (December 2008 – March 2011); City of Oakland – Director of Planning, Building, Major Projects and the Oakland Base Reuse Authority (2000-2007); City of Emeryville Planning and Building Director (1995-2000); City of Albany Planning Director (1985-1995); Town of Corte Madera Planner (1980 – March 1985.)

Kenneth H. Giebel, Director of Marketing since September 2002.  B.S. and M.B.A., University of Santa Clara.  Previously:  Senior Marketing Manager at the California Lottery (1996-2002); various marketing positions for private sector corporations and advertising agencies.

Timothy Hsu, Director of Financing since July 2012. B.A. Wesleyan University. Previously:  Financing Risk Manager, CalHFA (2005-2012); Vice President at a major Wall Street investment bank (2003-2004); Financing Officer, CalHFA (2002); Senior Consultant at a leading quantitative consultancy (1995-2001).  He earned the Chartered Financial Analyst designation in 2007, and he earned the Financial Risk Manager designation in 2008.

Victor James, General Counsel since July 2012. J.D., University of California - San Francisco, Hastings College of Law 1982, B.A., UC Berkeley.  Previously: Acting General Counsel, February 2012 - July 2012; Assistant Chief Counsel of the Agency (July 2007 -Feb. 2012); Staff Counsel III with the Agency (July 2002 - July 2007); Deputy Prosecutor with Hawaii County Prosecutor's Office (July 2001 – 2002); Solo Practitioner in Hawaii in area of Real Estate transactions, employment law and estate planning (1998-2001); Partner, practicing in area of Labor and Employment Law, Littler & Mendelson, Sacramento (1988-1998); State of CA, Sacramento, practicing Labor Law (1985-1988); Dept. of Navy, Office of General Counsel, Alameda, CA, practicing Labor & Employment Law (1982-1985).

Diane Richardson, Director of State Legislation since January 1999 and President of the CalHFA Mortgage Assistance Corporation since 2010, Previously: Deputy Legislative Secretary for Governor Wilson (1998); Director of Legislation for the California Environmental Protection Agency (1997); Deputy Director for Legislation and other positions, Office of Planning and Research (1983-1996); Legislative Aide, California State Assembly (1981-1983).

Liane W. Morgan, Chief Information Officer since July 2012. B.S., California State University, Sacramento. Previously: Acting Chief Information Officer (2010-2012); IT Project Manager (2005-2012) for the Agency; Various programming positions at the Agency (1987­2005), Systems Engineer, EDS (1984-1987).

Rick Okikawa, Programs Administrator since March 2013.  MBA, California State University, Sacramento, 1990; J.D., University of California at Davis School of Law, 1982; MSW, California State University, Sacramento, 1979; BA, University of California at Davis, 1977.  Previously, Senior Staff Counsel III (Retired Annuitant), CalHFA (2012-2013); Assistant Counsel, Army Corp of Engineers (2011-2012); Senior Staff Counsel III, CalHFA (1992-2010); Adjunct Professor, Los Rios Community Colleges (1990-1998); Staff Counsel II, California Department of Real Estate (1992); Staff Counsel II, California State Lands Commission (1986-1991); Sole Proprietor, Law Offices of Rick Okikawa (1984-1986); Associate Attorney, Law Offices of Trezza, Ithurburn and Steidlmayer (1983). 

Jacklynne M. Riley, Acting Director of Administration (Retired Annuitant) since January 2013.  Previously, Director of Administration (1996-2008); Chief of Administrative Services (1989-1996); various other positions with the Agency 1984-1988); Staff member, Senator Art Torres (1983-1984); other positions within State government (1968-1982).

Anthony Sertich, Financing Risk Manager since February 2013.  B.A., University of California, Berkeley. Previously: Financing Officer (2008-2013); Financing Specialist (2006­2008); Financing Associate (2004-2006); Actuarial Analyst, Watson Wyatt Worldwide (1998­2003).

Lori Hamahashi, Comptroller since April 2014 (Acting Comptroller since May 2013). B.S., California State University, Sacramento. Previously: Accounting Administrator II, CalHFA (2006-2009); Accounting Administrator I (Supervisor), CalHFA (2002-2006); various accounting positions for CalHFA.


The position of Chief Deputy Director is currently vacant.  This position must ultimately be filled by appointment by the Governor.