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Sean Spear

Sean Spear

Sean L. Spear is currently the Executive Director of the California Debt Limit Allocation Committee (CDLAC) for the California State Treasurer’s Office, which administers the private activity bond program for California.  Each year, CDLAC distributes this allocation to privately-controlled projects and programs with a public purpose under  six program pools: Qualified Residential Rental (Multifamily Housing Development), Single Family Housing, Extra Credit Teacher Home Purchase, Industrial Development Bonds, Exempt Facility Bonds and Student Loan Bonds.  With more than $3.3 Billion in tax-exempt bond authority for California in 2009, this represents the largest allocation in the country.  Mr. Spear has over twenty years of experience in community development and housing finance.  Prior to joining the State Treasurer’s Office in August 2009, he previously served as the Director of Major Projects for the City of Los Angeles Housing Department; overseeing the operation of the five rental housing production-related units; including the $100 Million Affordable Housing Trust Fund.  He also served as the LAHD’s point person on public-private lending partnerships; leveraging the City’s capital funds for additional affordable housing development resources.  In this capacity, he lead the City’s effort to create the $100 Million New Generation Fund; an affordable housing acquisition and predevelopment loan fund which closed in May 2008.Prior to joining the LAHD, Mr. Spear was a Community Development Manager with Fannie Mae’s Housing and Community Development Unit, based in their Western Regional Office in Pasadena.  Responsible for Fannie Mae’s short-term direct community development financing business throughout California and other parts of the West, he closed important transactions such as a $30 million Line of Credit for the Housing Authority of the City of Los Angeles and a $1.5 million construction bridge loan for the Blackfeet Nation; Fannie Mae’s first direct affordable housing loan to a Tribal Entity.  Before joining Fannie Mae, Mr. Spear was a Senior Development Specialist (Housing) with the San Francisco Redevelopment Agency, and a Project Manager (HOPE VI/New Construction) with the San Francisco Housing Authority.  With the Redevelopment Agency, he implemented and oversaw San Francisco’s innovative Affordable Housing Preservation Program, which saved more than 1,700 units of low-income housing from conversion to market in San Francisco’s high-pressure real estate market.  He began his career with the New York City Department of City Planning, where he served as the City Planner for the Crown Heights and Bedford-Stuyvesant neighborhoods of Brooklyn.Mr. Spear holds both a Bachelor’s degree and a Master’s degree from Cornell University.