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Trey Price

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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Senate panel restores affordable housing funds shifted by Amendment 1

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A Senate committee on Wednesday voted to restore funding for affordable housing, as a way to offset the loss of revenue because of Amendment 1. Approved overwhelmingly by voters in November, Amendment 1 provides 33 percent of documentary stamp tax revenue to water and land conservation. SB 586 seeks to redistribute the remaining $1.3 billion in documentary stamp fees for fiscal 2015-16, after $757 million is set aside for Amendment 1. The bill would have reduced the revenue going to an affordable…

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