CFFA Announces Changes to Board Leadership

The Finance Authority Board of Directors plays an active role in what we do. They help evaluate and approve projects we finance, suggest potential new programs, and advise on other key decisions. Leadership of the board is crucially important, and we’re pleased to announce the election of our newest Board Chair, Ralph Abbott. He replaces previous Chair Frank Capella, who served in the role since 2020.

Abbott, founder and principal manager of Prospera Advisory Group, has served on the CFFA Board for six years. “Ralph brings a wealth of financing experience to his new role,” said CFFA President Jean Carter Ryan. “His work in commercial financing and mortgage fund management makes him an ideal fit as Chair.”

Board Member Stephen Brooks, CFO and founding member of Physicians First Leasing LLC, has been elected as Board Vice Chair. Brooks was jointly appointed to the Board by Franklin County and the City of Columbus in 2017.

We extend a special thanks to Frank Capella for his efforts as previous Chair — much of which he served during the COVID pandemic. Despite the myriad challenges of COVID disruption, CFFA remained very busy and on-task. Since the start of 2020, the Finance Authority helped finance close to 50 transactions representing more than $800 million in development financing and maintained its bond rating of A- from Standard & Poor’s. “Frank’s level-headed leadership was invaluable during an unprecedented time,” said Finance Authority Vice President Patty Huddle.

In his role as Chair, Abbott will work closely with fellow board members and President Jean Ryan to drive the organization’s continued success and maximize community benefit. Most Chairs typically serve two years.