Priscilla Almodovar

Priscilla Almodovar
CEO of Fannie Mae
Assuming office
December 5, 2022
SucceedingDavid Benson (Acting)
Personal details
Born (1967-06-17) June 17, 1967 (age 57)
New York City, New York, U.S.
Domestic partnerEric R. Dinallo
EducationHofstra University (BA)
Columbia University (JD)

Priscilla Almodovar is the chief executive officer of Fannie Mae.[1][2]

Career at Fannie Mae

Almodovar joined Fannie Mae as its first female chief executive officer in 2022.[3]

Career at Enterprise

Almodovar joined Enterprise Community Partners as its president and chief executive officer in 2019. Named by Fortune (magazine) as one of the “50 Most Powerful Latinas,”[4] she oversaw the creation of Enterprise's Equitable Path Forward in 2020, a five-year $3.5 billion racial equity initiative, designed to invest in affordable housing providers of color across the country.[2]

In 2021, under her leadership, Enterprise partnered with Morgan Stanley to launch the Disaster Recovery Accelerator Fund, a $25 million program to reduce by up to two years the time it takes for government relief dollars to reach owners of multifamily affordable rental properties after natural disasters.[5]

Almodovar left Enterprise in September 2022.

Since 2021, Almodovar serves on United States Secretary of Energy Jennifer Granholm’s Energy Advisory Board, and is a member of its place-based working group to address the energy transition of underserved communities.[6]

Private sector and government career

Before joining Enterprise, Almodovar was a managing director at JPMorgan Chase,[7] overseeing two of the company’s national real estate businesses. Named one of the most influential women in the real estate industry by Affordable Housing Finance Magazine in 2016,[8] she is “credited with being instrumental in the firm’s commitment to Detroit’s economic recovery.”[9]

A Columbia Law School graduate, Almodovar started her career at the law firm White & Case. She served as deputy policy director for Eliot Spitzer’s 2005 New York gubernatorial campaign and took leadership of New York State Housing Finance Agency in January 2007.[10] During her tenure, she spearheaded the negotiation of maintaining affordability at Starrett City in Brooklyn, NY, one of the largest and most economically- and racially-mixed housing complexes in the country.[11][12][13]

Almodovar served as co-chair of the New York State Health Innovation Council[14] and has been honored by the United Hospital Fund for her work to create stable, healthy communities.[10]

Personal life

Born to Puerto Rican parents, Almodovar grew up in Sunset Park, Brooklyn and Freeport, Long Island. She is married to Eric Dinallo, New York State's superintendent of insurance from 2007 to 2010. They have two children.[10]

References

  1. ^ "Notable Hispanic Leaders & Executives 2021: Priscilla Almodovar". Crain's New York Business. Retrieved 11 March 2022.
  2. ^ a b Washington Post Live (14 December 2020). "The Future Reset: Closing the Racial Wealth Gap". The Washington Post. Retrieved 11 March 2022.
  3. ^ "Fannie Mae Announces Priscilla Almodovar as Chief Executive Officer | Fannie Mae". www.fanniemae.com. Retrieved 2022-09-29.
  4. ^ "The 50 Most Powerful Latinas of 2017". www.fortune.com. Retrieved 11 March 2022.
  5. ^ Flavelle, Christopher (November 23, 2021). "As Federal Disaster Aid Languishes, Private Lenders Are Filling the Gap". Archived from the original on February 26, 2022. Retrieved March 1, 2022 – via NYTimes.com.
  6. ^ "Secretary of Energy Jennifer M. Granholm Announces Newly Appointed Members of the Secretary of Energy Advisory Board". Energy.gov.
  7. ^ Phillips, Ted (10 December 2010). "JPM Promotes Almodovar". The Bond Buyer. Retrieved 11 March 2022.
  8. ^ "Affordable Housing's Influential Women| Housing Finance Magazine". housingfinance.com. Retrieved March 2, 2022.
  9. ^ "Almodovar Named CEO of Enterprise Community Partners| Housing Finance Magazine". housingfinance.com. Retrieved March 2, 2022.
  10. ^ a b c Fund, United Hospital. "Priscilla Almodovar". United Hospital Fund.
  11. ^ Bagli, Charles V. (June 2, 2008). "In New Sale, Starrett City Would Stay Affordable". Archived from the original on November 23, 2020. Retrieved March 1, 2022 – via NYTimes.com.
  12. ^ Finn, Robin (June 13, 2008). "How to Curb Big Builders' Big Appetites". Archived from the original on January 5, 2018. Retrieved March 1, 2022 – via NYTimes.com.
  13. ^ Seiler, Casey (4 December 2009). "Priscilla Almodovar resigns". Times Union. Retrieved 11 March 2022.
  14. ^ "Priscilla Almodovar - Insider". Business Insider. Archived from the original on January 26, 2020. Retrieved March 1, 2022.