California State Treasurer John Chiang appointed two new executive directors to key state housing programs as he launches a larger effort to address the state’s growing affordable housing crisis. Treasurer Chiang appointed Mark Stivers to serve as the Executive Director of the California Tax Credit Allocation Committee, which allocates tax credits to private housing developers. Chiang also appointed Jeree Glasser-Hedrick to serve as the new Executive Director of the California Debt Limit Allocation Committee, which is responsible for a number of programs that assist first-time homebuyers and also encourages the development of affordable rental properties.
Treasurer Chiang is leading a six-month engagement with housing leaders and key stakeholders, which will include private meetings and open community forums to identify and discuss root causes of California’s housing challenges. Starting at the end of January, Chiang and his housing team will begin meeting with local government officials, developers, financing experts, federal and state housing officials, land use experts, the construction trades, real estate economists, and community leaders. They will also meet with leaders of the state’s high tech and life sciences industries and other business sectors which have been particularly impacted by California’s affordable housing shortage. Open community forums will be scheduled for the late summer.
By the end of the year, Treasurer Chiang plans to present a first round of solutions, including reforms to the Tax Credit Allocation Committee, Housing Finance Agency, and the Department of Housing and Community Development.
Mark Stivers served 16 years as the Housing Consultant for the Senate Transportation and Housing Committee and two years as a Legislative Aide in the Assembly. He primarily worked on legislation relating to housing, including those that affect homelessness, state housing programs for low- and moderate-income families, housing elements and land use approvals for housing developments, the housing obligations of redevelopment agencies, manufactured housing, building codes and standards, and common interest developments. He has also worked for multiple housing counseling organizations in the Bay Area. He is a graduate of Yale University.
Glasser-Hedrick worked for nearly two years as a Principal at JLG Consulting; a combination of 11 years at the Sacramento Housing and Redevelopment Agency, holding the position of Program Manager for six years; one year as a Finance Analyst at USA Property Fund; and as a Presidential Management Fellow at the U.S. Department of Housing and Urban Development. Glasser-Hedrick has a bachelor of arts degree in economics from Santa Clara University and a master of arts degree in urban planning from the University of California at Los Angeles.
