Mary Kaiser, President

Mary joined California Community Reinvestment Corporation in 1995 as President and CEO after having spent 20 years in the commercial banking business. Since 1995, CRC has improved its fund balance by $32 million and evolved the product lines to meet the increasing needs of membership as well as the low-income communities served and raised capital to meet those needs, originating in excess of $2 billion in new affordable housing loans.  CCRC operates with $800 million in capital provided by banks, insurance companies and pension plans.  Active loan sales in the secondary market are approaching $1 billion.

Mary currently serves on the CHC Board of Directors, The UCLA Lewis Center for Policy Studies Advisory Board and the Path Ventures Board of Directors.   She has served as the Chair of the Federal Reserve Bank of San Francisco’s Economic Advisory Council, Secretary of the Board of Trustees of Community Reinvestment Fund, Low Income Investment Fund Board of Directors and Loan Committee, CLU Center for Economic Research and Forecasting, Ventura County Community Foundation Farmworker Housing Committee and Social Justice Fund Giving Circle and Pepperdine’s Seaver College Board of Trustees and Career Coach.

She received a bachelor’s degree in Psychology from San Diego State and an MBA from California Lutheran University. She also completed the Achieving Excellence Program at the Kennedy School of Government at Harvard in 2015.

To contact Mary, please call 818 550-9800.

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Mark Rasmussen, Executive Vice President

Head of Loan Origination and   Business Developmentaboutstaff_mark-r

Mark Rasmussen is the point person for developers and financing partners in the evaluation of new opportunities for financing affordable housing throughout California.  Mark has led the loan origination team since 1998, he and the CCRC team are responsible for the origination of over $1.5 billion in affordable housing permanent mortgages and tax exempt bonds involving nearly 35,000 housing units throughout California.  Mark has 35 years’ experience in commercial real estate and finance, with extensive experience and diverse skills in leadership, problem solving and negotiating. Mark obtained a Master’s of Science degree in Real Estate Appraisal and Investment Analysis from the University of Wisconsin-Madison along with a bachelor’s degree in Business Administration, Real Estate, Urban Land Economics, and Marketing.

To contact Mark, please call 818 550-9800.

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David Saltzman – Risk Officer

David Saltzman has over 27 years’ experience in affordable housing finance, development and program administration. At CCRC, David oversees credit and risk management functions across all areas to ensure the overall quality of CCRC’s loan portfolio. He also administers our Asset Management and Loan Servicing divisions and directs loan sale and securitization activities. He is the author CCRC’s annual Loan Portfolio Analysis, a risk assessment of CCRC’s loan portfolio provided to our investors.  He previously served as Deputy Commissioner at the Chicago Department of Housing where he administered the city’s affordable housing development finance programs. In 2003, David moved to Los Angeles to serve as Vice President of Originations for nationally-recognized Low Income Housing Tax Credit syndicator. Prior to joining CCRC in 2016, Mr. Saltzman was a Principal at a California-based consulting firm, providing financial and policy advisory services to federal, state and local government agencies, and to for-profit and nonprofit clients nationwide.  David received a Bachelor’s of Arts in Public Policy from Duke University, and a Masters of Management in Economic Development and Finance from the J.L. Kellogg Graduate School of Management, Northwestern University.

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