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How much do community development banking jobs pay per year?

As of May 28, 2026, the average yearly pay for community development banking in the United States is $76,173.00, according to ZipRecruiter salary data. Most workers in this role earn between $58,500.00 and $91,500.00 per year, depending on experience, location, and employer.

What is a Community Development Banking job?

A Community Development Banking job focuses on providing financial services and investment to underserved communities, promoting economic growth and stability. Professionals in this field work with local businesses, nonprofits, and government agencies to support affordable housing, small business development, and community revitalization efforts. They help structure loans, grants, and other financial products tailored to meet the unique needs of low-income communities. Their goal is to increase financial inclusion and foster long-term economic sustainability.

What are the key skills and qualifications needed to thrive in the Community Development Banking position, and why are they important?

To thrive in Community Development Banking, you need a background in finance, knowledge of community reinvestment laws, and experience with lending or credit analysis, often supported by a bachelor's degree in finance, economics, or a related field. Familiarity with loan origination systems, credit risk assessment tools, and Community Reinvestment Act (CRA) compliance software is typically required. Strong relationship-building, interpersonal communication, and problem-solving skills help individuals stand out in this field. These skills are crucial for effectively supporting under-served communities while managing financial risk and ensuring regulatory compliance.

What are the primary responsibilities of a Community Development Banking professional on a day-to-day basis?

Community Development Banking professionals typically work with local organizations, small businesses, and individuals to structure loans and financial solutions that support community revitalization and economic growth. Their day-to-day tasks may include evaluating loan applications, conducting outreach to identify development opportunities, and ensuring compliance with relevant regulations such as the CRA. They often collaborate with internal credit teams, nonprofit partners, and government agencies to advance community-focused projects. This role offers a dynamic mix of client interaction, financial analysis, and impact-driven work aimed at making a positive difference in the communities served.

Is community banking a good career?

Community development banking involves providing financial services and support to local communities, often focusing on affordable housing and small business development. It offers opportunities for meaningful work, relationship-building, and requires skills in finance, communication, and community engagement. Career growth can depend on experience, certifications, and the size of the organization.
More about Community Development Banking jobs
What cities are hiring for Community Development Banking jobs? Cities with the most Community Development Banking job openings:
What states have the most Community Development Banking jobs? States with the most job openings for Community Development Banking jobs include:
What job categories do people searching Community Development Banking jobs look for? The top searched job categories for Community Development Banking jobs are:
Community Development Banking jobs near you
Infographic showing various Community Development Banking job openings in the United States as of May 2026, with employment types broken down into 2% As Needed, 77% Full Time, and 21% Part Time. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $76,173 per year, or $36.6 per hour.
Associate Banker-Community Development Banking- Associate

Associate Banker-Community Development Banking- Associate

JPMorgan Chase & Co.

Los Angeles, CA • On-site

$115K - $145K/yr

Full-time

Medical, Retirement

Posted 6 days ago

JPMorgan Chase & Co. rating

8.1

Company rating: 8.1 out of 10

Based on 466 frontline employees who took The Breakroom Quiz

46th of 141 rated banks

Job description

Job Description
Become an integral part of a team that proudly supports vibrant and diverse neighborhoods by providing loans, investments, and services for low- and moderate-income households and communities nationwide!
J.P. Morgan Chase's Community Development Banking (CDB) business is a national leader in community development finance for affordable housing and economic development projects. CDB offers financing for projects of any size and complexity, including construction financing, bridge loans, acquisition loans, letters of credit to support bond transactions, and long-term permanent financing for Low Income Housing Tax Credit (LIHTC) developments and bond purchases. Clients include for-profit and not-for-profit developers, government entities, and community-based organizations.
As a Community Development Banking Associate within our Commercial Real Estate team, you will provide support and assistance in the underwriting and approval process for acquisition, construction, and/or permanent loans sourced by senior banker colleagues. You will report to a CDB Banker and support all members of the Los Angeles team.
Job Responsibilities:
  • Work with Originating Bankers to gather project documentation, prepare credit committee pitch packages, Letters of Interest, and Term Sheets
  • Analyze and adjust development budgets, operating statements, rent schedules, construction flow of funds, financial statements, market studies, and third-party reports
  • Collaborate with underwriters through the credit approval process, including closing calls, due diligence collection, and internal reporting
  • Review legal documentation prior to closing for accuracy and consistency with credit approval terms
  • Assist with client meetings/calls related to financings and attend JPM Chase and industry events
  • Monitor construction progress, including draw requests, funding adequacy, time delays, cost overruns, contingency fund usage, and compliance with loan documents

Required Qualifications, Skills, and Capabilities:
  • 2.5+ years' experience in financing commercial real estate transactions, including mixed income and affordable housing development projects
  • Experience with Federal, State, and Local Affordable Housing/LIHTC financing programs
  • BA/BS degree
  • Strong interpersonal skills for client and stakeholder interaction
  • Team player with flexibility to adjust priorities as needed
  • Excellent written and verbal communication skills
  • Proficient in MS Word, Excel, PowerPoint, and Outlook
  • Limited travel required, occasionally overnight

Preferred Qualifications, Skills, and Capabilities:
  • Formal bank credit training
  • Knowledge of standard bank credit policies and loan administration procedures

This position is subject to Section 19 of the Federal Deposit Insurance Act. As such, an employment offer for this position is contingent on JPMorganChase's review of criminal conviction history, including pretrial diversions or program entries.
About Us
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
About the Team
J.P. Morgan's Global Banking business is one of the largest wholesale banking client franchises in the world. We serve clients, including corporations, governments, states, municipalities, healthcare organizations, education institutions, banks and investors.
Global Investment Banking supports a broad range of corporations, institutions and governments by providing strategic advice, capital raising and risk management expertise.

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