WASHINGTON—Fannie Mae has named Priscilla Almodovar as its new CEO and as a member of its board of directors, effective Dec. 5.
Almodovar will succeed David C. Benson, who has served as interim CEO and a member of the board of directors since May 2022. After her arrival, Benson will continue in his role as president, Fannie Mae said.
Almodovar brings more than 30 years of experience in finance, real estate, and community development across a number of institutions and organizations. Since 2019, Fannie Mae reported she has served as president and CEO of Enterprise Community Partners, a national organization focused on increasing the supply of affordable housing, advancing racial equity, and supporting residents and communities.
Prior to her role as president and CEO of Enterprise Community Partners, Almodovar worked for nearly a decade at JPMorgan Chase and led two of the firm's national real estate businesses; most recently, as managing director, co-head of real estate banking where she served national and regional real estate developers, investors, owners, and investment funds.
Additional Experience
Earlier in her career, she was president and CEO at New York State Housing Finance Agency, State of New York Mortgage Agency, and Affordable Housing Corporation. She started her career at White & Case LLP, where she was named an equity partner.
"It's an honor to join Fannie Mae and lead the company as it carries out its vital role in the housing finance market and works to help ensure that equitable, affordable housing is available to people in communities across the country," said Almodovar.
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