Community Development Banking Jobs in Houston, TX

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. With our resources, CDB offers financing for projects of any size and complexity, including construction financing, bridge loans, acquisition loans, letters of credit to support bond transactions, direct bond purchases, and long-term permanent financing for Low Income Housing Tax Credit developments and workforce housing. CDB's clients include for-profit and not-for-profit developers, government entities engaged in housing and economic development, and community-based organizations.

As a Community Development Banking Associate within our Commercial Real Estate team, your initial responsibility will be to provide support and assistance in the underwriting and approval process for acquisition, construction, and/or permanent loans sourced by originations colleagues. You will report to a CDRE Banker, but will support members of the originations and risk teams.

Job Responsibilities

• Gather, analyze, and maintain client, sponsor, and deal information, including system updates and record completeness.
• Support pitch preparation by helping evaluate deal terms, project budgets, market context, development team, and overall economics.
• Prepare LOIs/term sheets and related client documentation in partnership with the Credit Originator.
• Build draft profitability models and partner with the originations team to finalize outputs.
• Coordinate due diligence collection, organization, and checklist tracking across shared folders and workstreams.
• Facilitate appraisals and third-party reports by managing information flow and communicating costs/timelines, and next steps.
• Coordinate internal stakeholder communications (e.g., Credit, CRELA, Legal, and other partners) to support onboarding and closing readiness.
• Collect and review required documentation and coordinate KYC initiation and data submissions.
• Track sponsor exposure, pipeline activity, allocations, deal status updates, and production reporting inputs.
• Monitor deal progress and escalate issues that may impact closing or conversion timelines.

Required Qualifications, Capabilities and Skills

• Experience in community development real estate lending or investing with a focus on affordable housing.
• Demonstrated underwriting expertise in Low Income Housing Tax Credits (LIHTC), subordinate/public subsidy layers, and construction/permanent financing structures.
• BA/BS degree
• Strong analytical and financial modeling skills; capacity to synthesize complex information and assess risk
• Track record of managing multiple transactions and deadlines with disciplined project management and follow through
• Ability to interact favorably in person and on the telephone with prospects, clients, consultants, government agency staff, and legal counsel
• Ability to work as a member of a team and adjust priorities as necessary to achieve team, as well as individual, goals
• Excellent organizational, written, and verbal communication skills
• Commitment to the CRA mission and familiarity with how lending activities support community impact goals.
• Strong PC skills; proficient in MS Word, Excel, PowerPoint, and Outlook

Preferred Qualifications, Capabilities and Skills

• Knowledge of standard bank credit policies and loan administration procedures
• Active industry engagement through conferences, associations, junior boards
• Some experience closing complex, multi-layered capital stacks with tax credits, bonds, and multiple subsidy sources.

JPMorgan Chase, 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

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.