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2011/2012 Annual Report
The FY 2011/2012 Annual Report and its supporting documents are now available online.

Next Board Meeting
Dates, Locations and Board Materials for upcoming Board Meetings.

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, Deputy Comptroller since February 2009 (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.