Community Development Banking

Working to improve communities and enrich the lives of those who live in them across the US.

Alice Carr

Head of Community Development Banking

Alice Carr is the Head of Community Development Banking, a national real estate business that lends to and invests in community and economic development projects in underserved markets across the United States. Her team finances the construction and rehabilitation of housing affordable to low-income families and seniors in more than 80 cities in the US. The team also facilitates investments in economic development projects, such as building charter schools, healthcare clinics and food grocers.

Alice has over two decades of finance experience. Prior to joining Chase in 2011, Alice served as a Managing Director and Western Regional Director for Citi Community Capital, the community lending division of Citigroup, where she managed a group that originated construction, permanent, and gap financing for a wide variety of residential, commercial and mixed-use community development properties. Prior to her 12 years at Citigroup, Alice worked at the Low Income Investment Fund in San Francisco.

Alice serves on a variety of boards and committees including Chair of the Southern California Leadership Council for Enterprise Partners, Chair of the Board of Directors for California Community Reinvestment Corporation and Treasurer of the Board of Directors for the Los Angeles Conservancy.

Alice earned a Bachelor of Arts from Occidental College, and a Master of Arts from the University of California, Los Angeles in Urban Planning with a concentration on housing finance and community development. Alice is currently based in Los Angeles.