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Priscilla Almodovar is the chief executive officer of Fannie Mae.[1][2]
Priscilla Almodovar | |
|---|---|
| CEO of Fannie Mae | |
| Assuming office December 5, 2022 | |
| Succeeding | David Benson (Acting) |
| Personal details | |
| Born | June 17, 1967 New York City, New York, U.S. |
| Domestic partner | Eric R. Dinallo |
| Education | Hofstra University (BA) Columbia University (JD) |
Almodovar joined Fannie Mae as its first female chief executive officer in 2022.[3]
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]
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]
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]
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