California State Treasurer Fiona Ma announced Judith Blackwell and Larry Flood as the executive directors of two key housing and economic development finance divisions that are under her direction. Ms. Blackwell will head the California Tax Credit Allocation Committee (CTCAC) and Mr. Flood will lead the California Debt Limit Allocation Committee (CDLAC).
Ms. Blackwell previously served as the Chief Financial Officer (CFO) of the Port of Oakland, the CFO of the City of Atlanta and as Purchaser and Director of Contract Administration for the City and County of San Francisco. She began her career as a public finance attorney on Wall Street, specializing in infrastructure projects.
Mr. Flood was most recently the California Housing Finance Agency’s 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.
