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Almodovar Priscilla
Also Known As Priscilla, Almodovar
President and CEO, Fannie Mae
Priscilla Almodovar is the President and Chief Executive Officer of the Federal National Mortgage Association (FNMA), Fannie Mae for short. Almodovar joined Fannie Mae in Sept-Oct 2022, bringing with her expertise in America’s housing finance system. Almodovar is responsible for overseeing the firm’s strategy, managing risk, driving innovation and efficiency, and promoting and fostering diversity and inclusion throughout the business.
Almodovar joined Fannie Mae in October 2022 before which she was serving as the president and CEO of Enterprise Community Partners, a mission-based affordable housing operator, capital provider, investment manager, and a policy- and capacity-building platform.
Named by Fortune (magazine) as one of the “50 Most Powerful Latinas,” Almodovar 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.
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.
Since 2021, Almodovar has been serving 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.
Before joining Enterprise, Almodovar was a managing director at JPMorgan Chase, overseeing two of the company’s national real estate businesses.
Early 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.
A Columbia Law School graduate, Almodovar started her career at the law firm White & Case.
Education
- Undergraduate degree - Hofstra University
- Graduated - Columbia Law School
Career
- Fannie Mae - CEO
Other Activites
She served as deputy policy director for Eliot Spitzer’s 2005 New York gubernatorial campaign and took leadership of the New York State Housing Finance Agency in January 2007. 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.
Almodovar served as co-chair of the New York State Health Innovation Council and has been honored by the United Hospital Fund for her work to create stable, healthy communities.
Almodovar is a Board member of Realty Income, a Real Estate Investment Trust. She also serves on the Board of New York Road Runners, a non-profit organization established to help and inspire people through running. She earned her bachelor’s degree from Hofstra University and her Juris Doctor from Columbia University School of Law.
Recognition
Named one of the most influential women in the real estate industry by Affordable Housing Finance Magazine in 2016, she is “credited with being instrumental in the firm’s commitment to Detroit’s economic recovery.”