Rebecca Franklin Steps into Role of Chief Deputy Director at CalHFA
Rebecca Franklin, Ed.D., has been appointed as the Chief Deputy Director of the California Housing Finance Agency (CalHFA). This announcement comes as a significant development in the agency’s long history, particularly as Franklin becomes the first woman to hold this position. Recognizing her expertise, the Governor’s office has placed trust in her leadership abilities to navigate the ongoing housing challenges faced by Californians.
Extensive Experience in Housing and Risk Management
Bringing a wealth of experience, Franklin has been a crucial part of CalHFA since 2020, serving as the Director of Enterprise Risk Management and Compliance. Her previous roles reinforce her excellent qualifications. She led innovation efforts at the California State Compensation Insurance Fund, managing enterprise risk at the California Public Employees’ Retirement System, and serving in various capacities at the California State Teachers’ Retirement System.
Leadership in Pandemic Relief Initiatives
During her time at CalHFA, Franklin also played a vital role in the CalHFA Homeowner Relief Corporation, which was pivotal during the pandemic. She spearheaded the California Mortgage Relief Program, which successfully distributed over $907 million in grants to families experiencing financial hardship related to housing.
Educational Achievements of Rebecca Franklin
Franklin’s educational background is impressive as well. She obtained her Doctor of Education degree focusing on Educational and Organizational Leadership from the University of the Pacific. Additionally, she holds a Master's degree in Organizational Leadership from Gonzaga University and a Bachelor's degree in Government from California State University, Sacramento.
The Impact of Her Appointment
The appointment is a landmark moment not just for Franklin but for CalHFA as it illustrates the agency’s ongoing commitment to inclusion and diversity. Tomiquia Moss, Secretary of the Business, Services and Housing Agency, highlighted Franklin's deep understanding of both operational and programmatic needs as an asset to the agency in addressing its challenges effectively.
Franklin expressed her enthusiasm for her new role, stating, "I am honored by this appointment and eager to bring my expertise in leadership, strategy, and risk management to this role. I am committed to finding innovative solutions that will allow CalHFA to better serve California's communities facing housing affordability issues." This dedication to innovation and accessibility will be crucial as the agency works to enhance its services for residents across the state.
About CalHFA and its Mission
Established in 1975, CalHFA has been on a mission to make homeownership accessible to low- and moderate-income families in California. The agency has facilitated the purchase of homes for over 226,000 families, with a remarkable total of $40.1 billion in first mortgages provided. Furthermore, the agency has allocated $11.4 billion for the construction and preservation of more than 82,000 rental housing units across the state, showcasing its vital role in the housing ecosystem.
As a self-supporting state agency, CalHFA prides itself on not relying on taxpayer dollars for its operational costs. Instead, it is actively involved in administering various state and federal resources, demonstrating its commitment to supporting vulnerable communities through targeted housing programs.
This new chapter in leadership with Rebecca Franklin marks an exciting time for CalHFA, as it continues to adapt to the evolving challenges of providing affordable housing.
Frequently Asked Questions
Who is Rebecca Franklin?
Rebecca Franklin, Ed.D., is the newly appointed Chief Deputy Director of CalHFA, known for her extensive experience in risk management and leadership.
What is CalHFA's role?
CalHFA is dedicated to helping low- and moderate-income families access affordable housing through various financial programs and resources.
What initiative did Franklin lead during the pandemic?
Franklin led the California Mortgage Relief Program, which provided over $907 million in grants to families struggling with housing payments due to the pandemic.
What is Franklin’s educational background?
Franklin holds a Doctor of Education, a Master’s in Organizational Leadership, and a Bachelor’s in Government, enhancing her leadership capabilities.
Why is Franklin’s appointment significant?
Her appointment marks the first time a woman has served as Chief Deputy Director at CalHFA in its nearly 50-year history, underlining a commitment to diversity and inclusion.
