JPMorgan Chase announced Vince Toye as Head of Community Development Banking (CDB). The CDB business finances affordable housing and economic development projects to support healthy, thriving neighborhoods in low- and moderate-income communities. Toye, who has over two decades of experience in community development financing, will remain in New York and continue reporting to Al Brooks, Head of Commercial Real Estate (CRE) for JPMorgan Chase.
“CDB plays a vital role in strengthening our communities and it contributes to key components of the firm’s Racial Equity Commitment,” said Al Brooks. “With his extensive experience in community development financing and broad perspective on providing the most suitable tools to meet our clients’ needs, I’m thrilled 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 the firm’s commercial real estate clients access to a broad suite of lending and credit solutions through Government-Sponsored Enterprise partnerships. He will assume his new CDB leadership responsibilities immediately, while continuing to oversee the Agency and OBS Lending business.
“I’m excited to lead this talented team with a strong commitment to supporting community development and continue building on the success of their most impactful year yet,” said Toye. “With the demand for affordable housing continuing to outpace the market’s ability to supply it, there is opportunity for us to provide more tailored financing solutions and find new ways to serve our clients.”
Prior to joining JPMorgan Chase, Vince was Head of Community Lending and Investment at Wells Fargo. He managed affordable housing lending, NMTC investments, LIHTC and financing for CDFIs. Previously, he served as Head of Production for Wells Fargo Multifamily Capital, where he managed the Government-Sponsored Enterprise originations team, increasing production, and overseeing the firm’s relationships with Fannie Mae and Freddie Mac.
Vince earned 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 was a three-year letterman for the football team and was named to the All-Atlantic Coast Conference Academic Football Team.