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September 26, 2019

California Community Development with Mary Kaiser

Over 40 million people live in California – 10 million in Los Angeles county alone. The state also has many rural areas with their own housing challenges and lack of infrastructure. This mix of urban and rural, as well as the sheer size of the state, requires unique innovations to address its affordability crisis. In this podcast, Steve and Corey talk with Mary Kaiser, the President of California Community Reinvestment Corporation, about community development and lending in the state of California.

  • Chapter 1: 0:00 - 4:43 – Background and CCRC’s activities
  • Chapter 2: 4:43 - 16:46 – The California market
  • Chapter 3: 16:46 - 23:22 – Cost to build, homelessness and other challenges
  • Chapter 4: 23:22 - 30:50 – Recycling of capital and loans
  • Chapter 5: 30:50 - 40:30 – Unique aspects of California
  • Chapter 6: 40:30 - 44:45 – Looking ahead

Listen to other episodes in the series.


This podcast is for informational purposes, and is not advocacy, legal interpretation, nor a statement of policy. Reference to any specific product or entity does not constitute an endorsement or recommendation by Freddie Mac unless explicitly stated. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Freddie Mac employees are those of the employees and do not necessarily reflect the view of Freddie Mac or any of its officials.

About the Podcast Hosts

Steve Guggenmos

Steve Guggenmos
VP Research & Modeling

Steve leads multifamily research at Freddie Mac. In this role he performs research related to national and market-specific multifamily conditions. His team supports the multifamily business by developing models and quantitative approaches that determine risk-based capital allocations. The models capture loan level risks and also the benefits of the diversification and structural credit support for pools of multifamily mortgages, supporting the core business strategies of Freddie Mac Multifamily.

Corey Aber

Corey Aber
Senior Director of Mission, Policy and Strategy

Corey is the Senior Director of Mission, Policy and Strategy at Freddie Mac Multifamily. In this role, he oversees our Duty to Serve initiatives as well as research and development activities that further our support for affordable housing and underserved markets nationwide.

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