LOS ANGELES — Ronald Washington has been appointed executive director of the California Health Facilities Finance Authority, a conduit issuer that provides loans, grants and tax exempt bonds to public and non-profit health care providers.
Washington, who was promoted from CHFFA’s deputy executive director position, will continue to do double-duty as head of executive director of the California Educational Facilities Authority, a post he assumed in August 2009, according to a treasurer's spokesman. At CEFA, he provides policy, program, and technical direction for a lease revenue bond program and academic assistance grant program.
“With health care programs under attack by Congress it is more important than ever that we make the most of our state programs – and for that we need experienced leaders like Ronald Washington,” Treasurer John Chiang said in announcing Washington’s appointment.
A former high school mathematics teacher, Washington spent nine years in the public finance department of the California State Treasurer’s Office where he held oversight responsibility for several bond programs and worked on more than $10 billion in new money and refunding transactions. He also was instrumental in developing the division’s variable rate bond program.
“Providing the public with high-quality health care facilities and services has never been more urgently needed,” Washington said. “I look forward to meeting that challenge.”
Washington served in the U.S. Navy and holds a Bachelor of Arts degree in Business Economics from the University of California, Riverside. In addition, he has a Master of Arts degree in Education from Claremont Graduate University.
He replaces Diane Stanton as the executive director of CHFFA. Stanton left the state treasurer’s office earlier this year to take the job as head of external affairs at California State Teachers' Retirement System.