Affordable housing industry veteran Priscilla Almodovar will take the helm of Enterprise Community Partners, a leading national social enterprise, in September. She succeeds Terri Ludwig, who left the organization at the end of 2018 after serving as CEO since 2010.
A former Enterprise trustee, Almodovar is well positioned to lead the Enterprise family of companies, which includes 1,200 employees and 11 market offices across the nation, and will lead the organization through its next strategic planning process. As CEO, she will work with partners, funders, investors, employees, and residents to scale impact as well as help the organization strengthen its commitment to healthy communities.
“Priscilla has blazed a career path that uniquely situates her to lead a proven and powerful organization like Enterprise Community Partners,” said Ron Terwilliger, chair of the Enterprise Community Partners board of trustees and chair of the Enterprise Community Investment board of directors. “She will be central to fully integrating Enterprise and shaping the strategic direction of the organization as it seeks to create more opportunity for low- and moderate-income people. She is joining Enterprise at a very exciting time.”
Almodovar comes to Enterprise from JPMorgan Chase, where she led two national real estate businesses in commercial real estate and community development as a managing director. She also is credited with being instrumental in the firm’s commitment to Detroit’s economic recovery. Prior to JPMorgan Chase, she had been CEO and president of New York state’s housing finance and mortgage agencies.
Affordable Housing Finance magazine named Almodovar one of affordable housing's most influential women in 2016.
“Enterprise has always been an important voice on issues of opportunity, inequality, and housing. And these issues are personal to me. I still remember as a 5-year-old moving into our first home. My family’s house was in a working-class Puerto Rican neighborhood in Brooklyn, connected to solid public schools, doctors, transit, and more,” she said. “Today, there are too many families being left behind. I am proud of my time at JPMorgan Chase and the difference we made in the communities it serves, and I look forward to continuing my career by helping others at Enterprise.”
