Bond Unit Manager
Email Fariba, HERE
Fariba Khoie is the Bond Program Manager at California Infrastructure and Economic Development Bank (IBank). She joined IBank in 2014. Fariba is responsible for IBank conduit bonds sales, including Industrial Development Bonds, Exempt Facility Bonds, 501 (c) (3) Bonds, Public Agency Revenue Bonds, and Infrastructure State Revenue Fund Bonds. In addition, she manages continuing disclosure reports; reviews and monitors tax arbitrage reports and prepares annual surveillance reports to rating agencies.
Fariba brings vast experience to IBank from the State Treasurer’s Office where she served as a Treasury Program Manager. While there, she managed various municipal bonds sales, including Economic Recovery Bonds, General Obligation and Revenue Bonds for the Department of Veterans Affairs and Public Works Board. Fariba also managed Pooled Money Investment Account loans and Guaranteed Investment Agreements among other responsibilities. Before that, Fariba worked at the Department of Water Resources with Power Bonds and the Swap Portfolio. At the Department of Transportation she performed various accounting and fiscal duties. Fariba also has a wealth of experience in banking and financial analysis.
Fariba holds an MBA Degree in Finance from California State University Sacramento as well as a Bachelor’s of Science Degree in Statistics from Shiraz University in Iran. She is a member of National Federation of Municipal Analysts.
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Public Finance Specialist
Email John, HERE
John Belmont is a Public Finance Specialist, Bond Unit, at IBank. John joined IBank in July of 2007. John is responsible for coordinating conduit bond sales and post bond issuance compliance.
Prior to his current role, John spent several years in the financial services industry and was Assistant Vice President, Business Development, for a local community bank. John also served as a loan officer for the U.S. Small Business Administration, Disaster Assistance Program. John holds a Bachelor of Science in Business Administration from California State University, Hayward, and an MS Marketing degree from Golden Gate University, San Francisco.
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Loan Officer
Email Steven, HERE
Steven Wright is a Loan Officer in the Bond Financing Unit. Steven reviews and analyzes applications and bond documents for conduit revenue bond financing. Prior to his current role, Steven served as a Budget Officer with the California Department of Food and Agriculture where he oversaw several program budgets and personnel operations. Steven earned his Bachelor’s degree in Business Management and Master’s degree in Agricultural Business from Alabama A&M University.
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Loan Origination Manager
Email Lina, HERE
Lina Benedict is the Loan Origination Manager for the California Infrastructure and Economic Development Bank (IBank) and manages the direct lending programs – the Infrastructure State Revolving Fund (ISRF) Program, and the California Lending for Energy and Environmental Needs (CLEEN) Center direct lending financing.
Lina joined IBank in January 2016, and is responsible for managing and directing all credit and loan underwriting activities for the Loan Origination Unit. Lina conducts extensive outreach at conferences and expos, speaking and presenting on behalf of IBank at various events including California Financing Coordinating Committee (CFCC) events.
Lina has been in the lending industry for over 26 years. Lina started her career working as a credit analyst and underwriter at Community Bank, N.A before joining Bank of America where she held positions from credit analyst, portfolio manager, SBA underwriter, commercial underwriter, to approval officer. Lina also worked as an SBA underwriter at Resource Capital CDC. Prior to joining IBank she was Vice President of Lending at Vision One Credit Union for over seven years.
Lina holds a degree of Master of Business Administration from Wright State University, and a Graduate Finance Certification from Southern Methodist University.
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Municipal Finance Specialist
Email John, HERE
John Weir joined IBank in 2015 as a Staff Loan Officer with the IBank Bond Financing Unit. As a member of the bond unit, he was responsible for review of applications for the issuance of tax-exempt bonds to 501(c)(3) organizations and small manufacturing companies, including the review of program requirements, bond documents, managing bond closings, and the presentation of staff recommendations to the IBank Board.
In 2019, he transitioned to the Loan Origination Unit where he is responsible for guiding potential applicants through IBank’s ISRF loan programs including analysis of financial statements, repayment sources, project eligibility and drafting staff reports. He represents IBank in public forums, workshops and conferences, preparation of ad hoc reports, and development of written procedures.
He is also the primary developer of the databases used by the Bond Financing and Loan Origination Units which serve as the primary record source for all transactions, work modules for daily activities, and management reports to satisfy routine and ad hoc reporting obligations. He is currently developing a similar database for the Loan Servicing Unit that will interlink data between the two loan units.
Prior to joining IBank, Mr. Weir worked at the State Treasurers Office for the California Pollution Control Pollution Authority where he was responsible for post-issuance bond compliance and for the California Debt Limit Allocation Committee. He also has extensive experience with development of departmental procedures and the drafting of agency regulations for review and approval by the Office of Administrative Law. Previous to his employment in the public sector, Mr. Weir worked for over 15 years in the mortgage banking industry and was a vice president of underwriting for Liberty American Mortgage.
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Loan Officer, Loan Origination Unit
Email Betty, HERE
Betty Bian is a Loan Officer in the Loan Origination Unit.
Betty joined IBank’s Loan Origination Unit as an Associate Governmental Program Analyst in February 2020, where she performed analytical and consultative duties and services critical to administering the Infrastructure State Revolving Fund Program (ISRF Program) and the California Lending for Energy and Environmental Needs Center (CLEEN Center) programs.
Prior to her current role, Betty worked 25 years in the banking industry in China. She worked for 8 years with the Royal Bank of Scotland where she served as Branch Compliance Manager; 12 years at Bank of Tokyo-Mitsubishi UFJ where she was the manager of the Planning Department. She also worked at Morgan Stanley Bank International as Head of Compliance. Betty has a master’s degree in Japanese Culture from Beijing Foreign Studies University.
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Loan Officer (Loan Origination Unit)
Email Richard, HERE
Richard Nesbitt joins the California Infrastructure and Economic Development Bank (IBank) as a Loan Officer in the Loan Origination Unit. Richard performs credit underwriting activities for infrastructure Loan Programs at IBank within the Governor’s Office of Business and Economic Development.
Prior to his current role, Richard served for over four years as a Senior Servicing Officer with California Statewide, an SBA Certified Development Corporation, where he handled Special Assets, Risk Ratings on the loan portfolio and general servicing actions on SBA 504 loans.
Richard has also served as Senior Underwriter and Credit Analyst at Accenture, Underwriter and Analyst at First Northern Bank, and over six years at California Bank and Trust as AVP / SBA Portfolio Representative.
Richard brings 20+ years of experience in lending, managing loan portfolios, maintaining federal compliance regulations, risk analysis, and financial analysis and credit underwriting.
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General Counsel
Email Fritz, HERE
William “Fritz” Pahland serves as General Counsel for IBank overseeing legal affairs relating to IBank’s financing programs. Pahland began his career at IBank in 2015 as Senior Staff Counsel, promoting to General Counsel in 2016.
Pahland brings a unique set of credentials to IBank, having started his professional career as a civil engineer with the County of Sacramento Public Works Agency more than 2 decades ago. He worked for a number of years managing a wastewater treatment plant expansion, coordinating the design-phase project administration for large diameter sewerage expansion projects, and designing flood control projects.
In 2001, Pahland launched his law career as an Associate in the litigation department at Miller Starr Regalia. There he advanced to Shareholder, and expanded his practice to include transactions, in addition to litigation.
Pahland has a plethora of experience relating to both infrastructure construction and bond financing, direct loans, guarantees and various forms of credit enhancement.
Pahland attended the University of California, Davis, where he received both a Juris Doctorate from the King Hall School of Law and a Bachelor of Science in Civil Engineering. He currently holds licenses to practice both law and civil engineering in California.
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Deputy Director of Legislative Affairs/Senior Staff Counsel
Email Stefan, HERE
Stefan Spich is the Deputy Director of Legislative Affairs and Senior Staff Counsel for IBank. Prior to joining IBank in 2014, Stefan worked as Staff Counsel for the Drinking Water Program at the California Department of Public Health. Prior to state service he worked as a corporate and business attorney for a local Sacramento firm, and for Baker & McKenzie LLP in San Diego. Stefan earned his law degree from UC Davis King Hall, studied at Eotvos Lorand University in Budapest and holds honors BA degrees in History and Politics from UC Santa Cruz.
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Email Mary Hoang, Here
Mary Hoang is a legal assistant in the Legal Unit at the California Infrastructure and Economic Development Bank (IBank). She is new to state service. Her background includes customer service and sales in the automotive industry and being a legal assistant in a private practice.
Hoang graduated from California State University Sacramento where she earned a Bachelor of Science in Criminal Justice.
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SBFC Program Manager
Email Megan, HERE
Megan Hodapp is the manager of the Small Business Finance Center (SBFC) at the California Infrastructure and Economic Development Bank (IBank). Prior to becoming the manager, she served as a Loan Officer in the Small Business Finance Center for 3 years where she assisted California small businesses with accessing capital. The SBFC currently administers the California Small Business Loan Guarantee Program, California Small Business Disaster Relief Loan Guarantee Program, Farm Loan, and Jump Start Loan Program. Megan manages IBank’s partnerships with 7 Financial Development Corporations (FDCs) located throughout the State to encourage small business lending. The programs offer repayment of guarantees on behalf of IBank to financial institutions as incentives to make loans to small businesses that experience capital access barriers. Megan has been serving small businesses in California in a variety of jobs and programs throughout her career. Prior to her career with IBank, Megan was a program analyst for the Office of the Small Business Advocate (OSBA) at the Governor’s Office of Business and Economic Development (GO-Biz) and for the California Capital Access Program (CalCAP) at the State Treasurer’s Office (STO). Megan graduated from California State University Sacramento with a Bachelor of Science degree in Criminal Justice.
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AGPA
Email Yana, HERE
Yana Buryak is a Small Business Finance Center Analyst within the Small Business Finance Center. Prior to her current role, Yana was a Retirement Program Specialist at CalPERS. Prior to her state service, Yana worked as a mathematics and statistics tutor in the math lab of Sacramento City College. She loves numbers and analytical problems.
Yana has a Bachelor’s degree in Applied Mathematics and Statistics from California State University, Sacramento.
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SBFC Analyst
Email Anush, HERE
Anush Avetisova is a Small Business Finance Center analyst. Prior to her current role at IBank, Anush worked as a retirement specialist at CalPERS, assisting CalPERS members with Service, Disability, Industrial Disability Retirement benefits. Prior to CalPERS, Anush worked as an accounting assistant with Sterling Caviar, LLC and as an accountant/business owner of Sacramento Design Flooring Inc. Anush graduated from California State University, Sacramento with Bachelor’s Degree in Finance and MBA.
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Senior Advisor for Climate Finance
Email Dan, HERE
Mr. Adler is Senior Advisor for Climate Finance at IBank and the Governor’s Office of Business and Economic Development. Prior to this role, he was Vice President for Policy at the Energy Foundation, a partnership of grant makers advancing clean energy markets across the U.S. He was previously Managing Director of the California Clean Energy Fund (CalCEF) and President of CalCEF Ventures, where he led the firm’s efforts to identify and catalyze transformational new investment theses across venture capital and project finance. He has served as senior analyst in the Division of Strategic Planning at the California Public Utilities Commission, where he was responsible for the design and implementation of California’s Renewables Portfolio Standard and was senior staff for climate policy, and on the boards of the American Council on Renewable Energy, the Coalition for Green Capital, and the Vote Solar Initiative. He has a BA in Political Science from the University of California, Berkeley and an MA in Public Policy from Harvard University.
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Deputy Director of External Affairs
Email Karen, HERE
In July 2021, Karen Naungayan joined the California Infrastructure and Economic Development Bank (IBank), located within the Governor’s Office of Business and Economic Development (GO-Biz) as Deputy Director of External Affairs. Prior to joining IBank, in 2016, Karen Naungayan was appointed by Governor Jerry Brown as the Assistant Director of External Affairs at the CA Department of Housing and Community Development (HCD), where she served for five years, including two years also functioning as Acting Deputy Director of Communications under Governor Gavin Newsom.
Prior to HCD, Karen was Communications Director for ten years at Housing California, the state’s leading advocacy organization on housing and homelessness. Previous jobs include marketing programs manager at Inventures Alliance Management, where she created and oversaw marketing and communications programs for three non-profit, international high-tech consortia. and managing editor of the B2B arm of Barnes & Noble.com.
Karen is a graduate of California State University, Sacramento and holds a degree in English, with a minor in Business Administration/Marketing. Karen is a previous board member of the Sacramento Housing Alliance and is active in the community as a volunteer, with former work as a court-appointed special advocate (CASA) for foster youth, mentor at Women’s Empowerment (an organization educating and empowering women who are experiencing homelessness so they can find employment and a stable home), and member of Sacramento Junior League. Karen has also participated in fund development for various nonprofits, including Habitat for Humanity of the Greater Sacramento Region.
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Municipal Finance Specialist
Email Ammer, HERE
Ammer Singh is a Municipal Finance Specialist in the Loan Servicing Unit.
Singh has been involved with financial monitoring and oversight in California of affordable housing finance programs throughout his career. Prior to his current role, Singh was with the California Tax Credit Allocation Committee (CTCAC) where he was a Staff Services Manager I and worked in the Compliance Monitoring Unit to ensure development of low-income housing tax credit projects and compliance with federal IRS Section 42 program regulations and CTCAC program regulations. Singh was responsible for critical agency contracts that provided financial asset management of tax credit projects and the development of energy efficient tax credit projects in California. During his time with CTCAC, Singh worked with energy consultants to ensure compliance with California title 24 energy efficiency standards and the development of several netzero energy tax credit projects in California.
Prior to CTCAC, Singh was a Housing Finance Specialist in the asset management unit of the California Housing Finance Agency (CalHFA) where he ensured financial monitoring and oversight of multiple affordable housing developments in California.
Singh graduated from California State University, Sacramento where he earned a Bachelor of Arts degree in Economics.
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Staff Loan Officer Specialist
Email Jim, HERE
Jim Rennie is a Staff Loan Officer in the Loan Servicing Unit. He has more than 30 years in the financial services industry in both the private and public sectors. Jim earned his Bachelor’s degree in Natural Sciences and Theatre at Case Western Reserve University, and Master of Business Administration at Golden Gate University.
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Staff Services Analyst
Ella Clinton is the IBank, Staff Services Analyst (SSA) for the Loan Servicing Unit. Before her promotion, Ella was the Office Technician (Typing) in the Administrative Unit. Prior to State Service, Ella ran her own small business for seven years. Ella holds a bachelor’s degree in Economics, with minors in French and International Relations) from the University of the Pacific.
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Email Michelle, HERE
Michelle Jones is the Fiscal Manager. She is responsible for the oversight of the accounting financials and ensuring the department maintains compliance. She brings 19 plus years of experience with the State of California. She has experience with budgets, human resources, management, state accounting and GAAP rules and requirements.
Prior to IBank, Michelle was the Senior Accounting Officer Supervisor of the Systems Unit at Department of Health Care Services for 4 years. She was a lead on the transition team to implement the new state required accounting system, FI$Cal from the old legacy system CALSTARS.
Michelle received her associates degree in accounting from Folsom Lake College. She also has taken the State Fund Accounting class given by Department of Finance and all classes concerning FI$Cal and legacy system.
She has received multiple awards in her years with the state: 1) GFOA Award for IBank, 2) the State Controllers for accurate and completion of year statements, 3) Employment Development Department for leading a team to audit and issue unemployment to Californians during the 2009-2010 recession, 4) Department of Health Care for volunteering on Emergency Drill and CalFIRE and 5) Department of Health Care Services for solving a high-level, high-profile reconciliation for one of the department programs.
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Senior Accounting Officer
Email Betty, HERE
Betty Daquioag-Correa is a Senior Accounting Officer, performing complex loan/bond accounting duties and maintains and prepares the loan accounting records and reports, reconciles trustee bank accounts, and assists in preparation of the Comprehensive Annual Financial Report (CAFR).
Prior to her current role, Betty served for six years as an Accounting Officer with the California Department of Transportation in Accounts Payable. Before that she served as a Tax Auditor with the CA State Board of Equalization. Prior to beginning State service in 2000, Betty worked in the private sector as a Senior Accounting Analyst/Supervisor and in other General Ledger Financial/ Cost Accounting areas.
Betty holds a BA degree in Accounting from Golden Gate University in San Francisco and an AA degree in Liberal Arts from City College of San Francisco.
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Senior Accounting Officer, Specialist
Email Tina, HERE
Tina Chuong is the Senior Accounting Officer to the Fiscal Unit. Tina is responsible for performing complex accounting duties of the Small Business Expansion Fund, Climate Catalyst Fund, and other IBank funds as needed. She also assists in the preparation of the Comprehensive Annual Financial Report (CAFR).
Tina has worked with IBank Fiscal Unit for the almost 2 years as the Accounting Officer. In that time, she has been a valued member of the IBank Team. She was responsible for multiple fund reconciliations and assisted with the year-end reports.
Prior to her current role, Tina was an Accounting Officer at the Department of Motor Vehicles, in the Revolving Fund Unit, where she gained experience in disbursements and travel-related reimbursements. Tina started her career as a student assistant while enrolled at California State University, Sacramento. Tina was a member of the Accounting Society at California State University, Sacramento, where she was appointed to a Secretary and a Community Service Director for the Board of Directors of Accounting Society.
Tina earned her bachelor’s degree in Business Administration, Accountancy concentration, at the California State University, Sacramento.
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Senior Accounting Officer
Email Aastha Sehgal, HERE
Aastha Sehgal is the Senior Accounting Officer to the Fiscal Unit. Aastha is responsible for performing complex accounting duties of the ISRF Fund, Small Business Expansion Fund, Climate Catalyst Fund, and other IBank funds as needed. She also assists in the preparation of the Comprehensive Annual Financial Report (CAFR).
Aastha brings to IBank a wealth of knowledge and has a strong background in the QuickBooks accounting system the fiscal unit uses for day-to-day operations.
Prior to her current role, Aastha was an Accounting Officer for California Department of Public Health for the past year. She worked in the Accounts Receivable Unit where she gained experience in receipting cash and setting up the accounts receivables. She has also worked at the Employment Development Department auditing unemployment claims and working in the Integrity Accounting Division posting payments from employers and employees.
Aastha has attended Chartered Accountants of India in Accountancy, she received Bachelor of Commerce from PG Government College in India and she attended Panipat Institute of Engineering and Technology receiving a master’s in Business Administration and Accounting.
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