Almodovar named national head of community development real estate lending at Chase

According to Chase, it has named Priscilla Almodovar to head its national community development real estate lending business. The national community develpment real estate lending business extends $4.3 billion in financing to 75 community development organizations and more than 900 affordable housing and economic development projects across the U.S. Based in Manhattan, Almodovar leads a team of 30 bankers who provide construction and permanent debt financing to large national for profit and not-for-profit developers on projects that create affordable housing and revitalize low and moderate-income communities. "Since joining Chase a year ago, Priscilla has moved energetically and quickly to understand our business and has provided strong leadership across the firm," said Martin Cox, head of Chase Community Development Banking. "Her new role will provide a consistent face to large national developers, and will allow her to share market intelligence across the business to help us better serve our clients." Prior to joining Chase, Almodovar served as the executive director of the New York State Housing Finance Agency. Almodovar earned her law degree from Columbia University and her bachelor's degree from Hofstra University. She lives in Manhattan with her husband and two children. Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), which operates more than 5,100 branches and 15,000 ATMs nationally under the Chase brand. Chase has 146 million credit cards issued and serves consumers and small businesses through bank branches, ATMs and mortgage offices as well as through relationships with auto dealerships and schools and universities.