Treasure Ma poses for a photograph following administering the oath of office to Larry Flood, the new Executive Director of the California Debt Limit Allocation Committee (CDLAC). Joining them are Deputy Treasurer for Housing & Economic Development Jovan Agee and Chief of Staff Genevieve Jopanda.
Treasurer Fiona Ma announced in August the hiring of Larry Flood as the new Executive Director of the California Debt Limit Allocation Committee (CDLAC). Mr. Flood was the California Housing Finance Agency (CalHFA) Director of Finance. He previously served as senior policy advisor for financial markets in the U.S. Department of the Treasury for four years. There he oversaw the U.S. Treasury’s risk-sharing program as it closed more than $800 million in loans with 14 different state housing finance agencies. He also managed all internal reporting for the Treasury’s $5.3 billion HFA bond portfolio.
Mr. Flood also has worked as a national consultant to both Fannie Mae and Freddie Mac, developing surveillance and reporting as well as credit risk management programs for the Obama administration’s HFA Initiative.
CDLAC, and the California Tax Credit Allocation Committee, (CTCAC) are chaired by Treasurer Ma. CDLAC and CTCAC are among the state’s most robust affordable housing and economic development financing programs.