FLORIDA -- The Florida Housing Finance Corporation formally appointed Michael DiNapoli as its new executive director today, according to a press release from the organization. The announcement follows former executive director Trey Price’s resignation from the position last month. 

FHFC is currently a public-private entity, designated by the Florida Legislature to increase housing affordability for residents across the state via a wide range of different assistance programs and funding sources, including Florida’s flagship “Sadowski funds.”

DiNapoli formerly worked as Director of Small and Minority Business for the Department of Economic Opportunity (DEO) and was in charge of Florida’s Homeowner Assistance Fund, FHFC’s press release said. Prior to joining the DEO in 2017, he was Senior Vice President for Citigroup.

DiNapoli was formally appointed as FHFC’s executive director Friday, following nominations from Governor Ron DeSantis and Acting DEO Secretary Meredith Ivey, who recommended him for the position.

“Mike has served the Department of Economic Opportunity for several years and successfully implemented programs that have meaningful impacts on the lives of Floridians, businesses, and communities,” Ivey said, according to the press release.