Priscilla Almodovar
Priscilla Almodovar | |
|---|---|
| President and CEO of Fannie Mae | |
| Assumed office December 5, 2022 | |
| Preceded by | David Benson (acting) |
| Personal details | |
| Born | June 17, 1967 New York City, U.S. |
| Domestic partner | Eric R. Dinallo |
| Education | Hofstra University (BA) Columbia University (JD) |
Priscilla Almodovar is the president and chief executive officer of Fannie Mae.[1][2]
Early life and education
[edit]Almodovar grew up in Sunset Park, Brooklyn and Freeport, Long Island.[3] She received a bachelor's degree from Hofstra University in 1987.[4] She then received a Juris Doctor from Columbia Law School.[5]
Career
[edit]Almodovar started her career at the New York-based law firm White & Case,[6] where she served as a corporate finance partner for 14 years.[7]
In 2005, she joined Eliot Spitzer's New York gubernatorial campaign as deputy policy director.[8] After the election, Almodovar took leadership of the New York State Housing Finance Agency and the State of New York Mortgage Agency.[9]
In 2010, Almodovar joined JPMorgan Chase as a managing director,[10] and went on to lead two business segments: community development banking and real estate banking.[11][12] In 2016, Affordable Housing Finance identified Almodovar as one of the most influential women in the real estate industry.[13]
Almodovar joined Enterprise Community Partners as its president and chief executive officer in 2019.[14] In 2020, she oversaw the creation of Enterprise's five-year, $3.5 billion affordable housing initiative.[2]
In February 2021, Almodovar joined the board of directors of Vereit, a Phoenix-based real estate investment trust.[15] In November 2021, Realty Income acquired Vereit, and Almodovar joined Reality Income's board.[16]
Almodovar became the chief executive officer of Fannie Mae in 2022.[17] She also joined the board of directors of the government-sponsored enterprise.[18] In 2024, Forbes included her on its Most Powerful Women list, noting that she was the "only Latina leading an S&P 500 company."[19] Fortune included her on its Most Powerful Women list that same year and the next.[20][21] In 2025, she assumed the additional title and capacities of president of Fannie Mae.[1]
Enterprise
[edit]Almodovar joined Enterprise Community Partners as its president and chief executive officer in 2019. Named by Fortune as one of the "50 Most Powerful Latinas",[22] 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.[23]
Almodovar left Enterprise in September 2022.[citation needed]
Fannie Mae
[edit]Almodovar joined Fannie Mae as its first female chief executive officer in 2022.[24]
Personal life
[edit]She is married to Eric Dinallo, New York State's superintendent of insurance from 2007 to 2010. They have two children.[7]
References
[edit]- ^ a b Connie Kim (14 November 2023). "Fannie Mae President David Benson to retire as GSE announces leadership changes". HousingWire. Retrieved 28 April 2025.
- ^ a b c Washington Post Live (14 December 2020). "The Future Reset: Closing the Racial Wealth Gap". The Washington Post. Retrieved 11 March 2022.
- ^ 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.
- ^ "Women in leadership group assemble to advise mentor and engage". Hofstra Magazine. September 14, 2006.
- ^ Oliver, David (February 27, 2025). "Priscilla Almodovar chats Fannie Mae, housing affordability, Donald Trump". USAToday.
- ^ Krechevsky, David (September 29, 2022). "Fannie Mae Names Almodovar Its New CEO". National Mortgage Professional.
- ^ a b Fund, United Hospital. "Priscilla Almodovar". United Hospital Fund.
- ^ Duran, Nicole (October 26, 2005). "Catalyst for Change". Roll Call.
- ^ Hakim, Danny (February 5, 2007). "No Calm, Just Storm in Spitzer's First Month". The New York Times. Retrieved May 2, 2025.
- ^ Brown, Eliot (January 11, 2010). "Almodovar, Departed State Housing Finance Chief, to JPMorgan". Observer Media. Retrieved May 2, 2025.
- ^ "JPMorgan names new real estate banking heads". Reuters. May 8, 2017.
- ^ Rothstein, Matthew (May 8, 2017). "JPMorgan Chase Names New Joint Heads Of Real Estate Lending". Reuters.
- ^ Kimura, Donna; Serlin, Christine (March 14, 2016). "Affordable Housing's Influential Women". Affordable Housing Finance.
- ^ Serlin, Christine (June 19, 2019). "Almodovar Named CEO of Enterprise Community Partners". Affordable Housing Finance. Retrieved May 2, 2025.
- ^ "Form 8-K". Fanne Mae. September 28, 2022.
She previously served on the Board of Directors and Audit Committee of VEREIT, Inc., which was acquired by Realty Income, Inc., from February to November 2021.
- ^ Carter, Matt (September 29, 2022). "Fannie Mae looks to affordable housing nonprofit for next CEO". Inman News.
Almodovar has served on the board of directors of Realty Income Inc., a publicly-traded real estate investment trust (REIT), since November 2021, when Realty Income acquired another company on whose board she served, VEREIT Inc.
- ^ "Fannie Mae names former JPMorgan MD Priscilla Almodovar as new CEO". Reuters. September 29, 2022. Retrieved May 2, 2025.
- ^ "Almodovar Named CEO of Fannie Mae". Affordable Housing Finance. November 29, 2022.
- ^ "The World's Most Powerful Women 2024: Inside The Real Power Shift". Forbes. December 11, 2024. Retrieved May 2, 2025.
- ^ "Most Powerful Women". Fortune. 2024. Retrieved June 23, 2025.
- ^ "Most Powerful Women". Fortune. 2025. Retrieved June 23, 2025.
- ^ "The 50 Most Powerful Latinas of 2017". www.fortune.com. Retrieved 11 March 2022.
- ^ 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.
- ^ "Fannie Mae Announces Priscilla Almodovar as Chief Executive Officer | Fannie Mae". www.fanniemae.com. Retrieved 2022-09-29.