SACRAMENTO, CALIF. — The California Housing Finance Agency (CalHFA) board of directors has appointed Stephanie McFadden as director of multifamily programs. In her new position, McFadden will oversee the CalHFA lending team, as well as an asset management division that monitors roughly 18,000 units of affordable housing.
Most recently, McFadden was the chief leading officer at Low Income Investment Fund (LIIF), a nonprofit community development financial institution. Prior to joining LIIF, she served as a senior advisor for the Office of Multifamily Production with HUD, a role that was created in response to the COVID-19 pandemic.
Previously, McFadden was also responsible for nationwide Federal Housing Administration insured multifamily lending at CBRE. She has also held senior positions at PNC Real Estate, Vitus Group, ARCS Commercial Mortgage and Bank of America.