JPMorgan Chase appoints Vince Toye as head of community development bank
JPMorgan Chase has announced Vince Toye as Head of Community Development Bank (CDB). CDB funds affordable housing and economic development projects to support healthy and thriving neighborhoods in low- and middle-income communities. Toye, who has more than two decades of community development finance experience, will remain in New York and continue to report to Al Brooks, Head of Commercial Real Estate (CRE) for JPMorgan Chase.
“CDB plays a vital role in strengthening our communities and contributes to key elements of the company’s racial equity commitment,” said Al Brooks. “With his extensive experience in community development funding and his broad perspective on providing the most appropriate tools to meet the needs of our clients, I am delighted to see Vince step into this role.”
Since joining JPMorgan Chase in February 2021 as Head of Agency and Off-Balance Sheet (OBS) Lending for Commercial Banking, Vince has focused on building a team that provides clients with commercial real estate company access to a wide range of lending and credit solutions via government-sponsored corporate partnerships. He will immediately assume his new responsibilities to lead CDB, while continuing to oversee the activities of the Agency and OBS Lending.
“I am thrilled to lead this talented team with a strong commitment to supporting community development and continuing to build on the success of their most impactful year to date,” said Toye. “With the demand for affordable housing continuing to exceed the market’s ability to meet it, we have the opportunity to provide more personalized financing solutions and find new ways to serve our customers.”
Prior to joining JPMorgan Chase, Vince was Head of Lending and Community Investments at Wells Fargo. He managed Affordable Housing Loans, NMTC Investments, LIHTC and CDFI Funding. Previously, he served as head of production for Wells Fargo Multifamily Capital, where he led the government-sponsored venture creation team, growing production and overseeing the company’s relationships with Fannie Mae and Freddie Mac.
Vince received his MBA from the Wharton School of Business at the University of Pennsylvania and a bachelor’s degree in aerospace engineering from the University of Virginia, where he worked for the football team for three years and was named to the All -Atlantic Coast Conference. Academic football team.
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