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Florida Housing Finance Corp.

Personnel note: Trey Price to head Florida Housing

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TREY PRICE

Veteran lobbyist Harold “Trey” Price has been named executive director of the Florida Housing Finance Corp. Price announced his hiring on social media Friday. He will take over from interim Executive Director Ken Reecy, who’s been in charge since the resignation of Steve Auger, the previous executive director. Price has his work cut out for him. Auger stepped down after a scathing audit of the organization, the steward of state and federal affordable housing money, disclosed lavish spending on events for lenders and board members. Auger oversaw expenses…

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GOP lawmakers defend Florida Housing Finance Corp.’s expenses

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Republican lawmakers came to the defense of the state’s beleaguered affordable housing organization during a presentation of audit findings critical of the agency. The Joint Legislative Auditing Committee formally heard the report Thursday; the audit of the Florida Housing Finance Corp. (FHFC), steward of both state and federal affordable housing money, was released in December. Lawmakers focused on lavish events thrown for lenders and board members, including a $52,000 dinner with broiled lobster and filet mignon, and another that featured a $420 Spanish charcuterie station. State audit manager…

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Jeff Brandes files bill to create affordable housing task force

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A Senate bill filed this week would create a task force to address the state’s affordable housing needs. The bill (SB 854), filed Friday by Sen. Jeff Brandes, would create an affordable housing task force assigned to the Florida Housing Finance Corp. According to the St. Petersburg Republican’s proposal, the task force would be charged with “developing recommendations for addressing the state’s affordable housing needs.” With an another 5 million people expected to be living in Florida by 2030, Brandes…

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Ken Reecy named interim head of Florida Housing

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neighborhood

Ken Reecy has been named Interim Executive Director of the Florida Housing Finance Corporation (FHFC), according to a press release. Cissy Proctor, Executive Director of the Florida Department of Economic Opportunity, announced the move on Friday. Reecy currently serves as the agency’s Multifamily Program Director. “Ken has extensive experience and is committed to helping Florida families secure safe, affordable housing in communities all across our state,” Proctor said in a statement. “He has a strong understanding of the unique programs used to meet different…

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Steve Auger quits Florida Housing Finance Corp.

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Steve Auger, executive director of the Florida Housing Finance Corp., has resigned. Barney Smith, president of The Smith & Young Company and chair of the agency, confirmed Auger’s resignation Friday. He otherwise declined comment when reached by phone. Auger sent a resignation letter to Smith and Department of Economic Opportunity director Cissy Proctor Thursday, saying he would exit the agency effective Jan. 5. “It has been an honor and a blessing to have been a part of an organization of such fine people who…

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Who watches the low-income housing watchmen? (Part III)

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Now that the ink is dry on a federal criminal plea deal that put an end to a $36 million housing fraud, what will legislators do now to make sure it doesn’t happen again? To recap, federal prosecutors had alleged 70-year-old developer Lloyd Boggio of Carlisle Development Group and others defrauded the government out of millions. They did so by padding South Florida affordable-housing projects to get federal tax credits and grants, then keeping the excess. Last month, Boggio pleaded…

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Who watches the low-income housing watchmen? (Part II)

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Earlier this week, I wrote about “a South Florida swindle” that resulted in 70-year-old developer Lloyd Boggio copping a plea and agreeing to spend his golden years in a federal pokey. Federal prosecutors allege Boggio, Matthew Greer and others defrauded the government out of as much as $36 million by padding affordable-housing projects to get federal tax credits and grant monies, then keeping the excess. Boggio, co-founder of Carlisle Development Group, also agreed to turn over an initial $2 million in…

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