JPMorgan Chase last week announced that Priscilla Almodovar would head its national community development real-estate lending business. She will continue to serve as chief operating officer of the firm’s community development banking practice, which includes the real estate lending business. The other parts deal with tax credits and lending to community development financial institutions.

In her new role she oversees a team of 30 bankers who provide letters of credit and permanent financing for affordable housing and economic development projects nationwide. 

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