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$22K

$75.1K

$159.5K

How much do community development finance jobs pay per year?

As of Jul 13, 2026, the average yearly pay for community development finance in the United States is $75,113.00, according to ZipRecruiter salary data. Most workers in this role earn between $42,500.00 and $93,000.00 per year, depending on experience, location, and employer.

What is community development finance?

Community development finance refers to financial services and investments that support the growth and revitalization of underserved communities. This field involves providing loans, grants, and other financial products to individuals, small businesses, and organizations that may not have access to traditional banking services. The goal is to promote economic development, affordable housing, and social services in low- and moderate-income areas. Professionals in community development finance often work for community development financial institutions (CDFIs), banks, or government agencies.

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

Success in Community Development Finance requires a solid understanding of financial analysis, economic development principles, and knowledge of lending practices, often supported by a degree in finance, economics, or public administration. Familiarity with tools like loan underwriting software, financial modeling platforms, and certifications such as the Certified Economic Development Finance Professional (EDFP) is valuable. Strong relationship-building, communication, and problem-solving skills help professionals engage diverse stakeholders and navigate complex projects. These competencies are critical for effectively channeling financial resources to underserved communities and achieving sustainable economic growth.

What are some typical challenges faced by professionals working in Community Development Finance, and how are they addressed?

Professionals in Community Development Finance often encounter challenges such as balancing financial returns with social impact, navigating complex regulatory requirements, and securing funding for projects serving underserved communities. These challenges are addressed by staying up-to-date with changing policies, building strong partnerships with local organizations, and leveraging innovative financial tools. Successful practitioners also engage in ongoing training and collaborate closely with stakeholders to ensure project sustainability and measurable community benefits.

What is the difference between Community Development Finance vs Community Development Specialist?

AspectCommunity Development FinanceCommunity Development Specialist
CredentialsRelevant finance or economic development certifications, degrees in finance, economics, or public policyRelated degrees in social work, community planning, or public administration; certifications vary
Work EnvironmentFinancial institutions, non-profits, government agencies focused on funding and investmentCommunity organizations, non-profits, government agencies involved in program implementation and outreach
Employer & IndustryFinancial institutions, development agencies, non-profitsNon-profits, government agencies, community organizations

Community Development Finance focuses on providing funding, investments, and financial solutions to support community projects. In contrast, Community Development Specialists typically work on program implementation, community outreach, and planning efforts. Both roles are vital in fostering community growth but differ in their core functions and required skills.

More about Community Development Finance jobs
What cities are hiring for Community Development Finance jobs? Cities with the most Community Development Finance job openings:
What states have the most Community Development Finance jobs? States with the most job openings for Community Development Finance jobs include:
What job categories do people searching Community Development Finance jobs look for? The top searched job categories for Community Development Finance jobs are:
Community Development Finance jobs near you
Infographic showing various Community Development Finance job openings in the United States as of July 2026, with employment types broken down into 1% As Needed, 76% Full Time, 19% Part Time, 1% Temporary, and 3% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $75,113 per year, or $36.1 per hour.
Director of CRA Finance & Community Development

Director of CRA Finance & Community Development

BankUnited

Manhattan, NY • On-site

Full-time

Posted 3 days ago

Job description

JOB SUMMARY: The Director of CRA Finance & Community Development serves as the Bank's subject matter expert and strategic lead for community development finance and outreach, with responsibility for advancing CRA performance through lending, investment, service, and community partnerships. This role oversees Community Development Officers, leads community development finance initiatives, and represents the Bank externally with nonprofit, government, and community partners. The director works closely with the CRA Officer, Chief Investment Office, Credit, Lending, and business lines to drive measurable CRA outcomes and ensure strong documentation and reporting.
ESSENTIAL DUTIES AND RESPONSIBILITIES
  • Serves as the subject matter expert for Community Development Finance, leading strategy and execution across CRA qualified lending, investments, and services.
  • Leads the Bank's Community Development Finance initiatives, including affordable housing, CRA lending, and structured investments.
  • Manages and develops Community Development Officers, with emphasis on CRA service activities, outreach effectiveness, and documentation of CRA qualified hours.
  • Partners closely with the CRA Officer to support CRA performance context, including development, documentation, and tracking of community development lending, investment, and service goals.
  • Acts as a key partner to the Chief Investment Office, Credit, and Lending teams to identify, structure, and execute CRA eligible transactions and action plans.
  • Leads and oversees the Bank's Community Development Outreach strategy, including nonprofit engagement, volunteer activity alignment, conference participation, and CRA grant lifecycle management.
  • Represents the Bank in meetings with nonprofit organizations, community groups, developers, and public sector partners, proactively identifying opportunities to support deposit, lending, and investment relationships.
  • Oversees the Bank's CRA grant program, including annual budgeting, application review, approval coordination, funding execution, and ongoing relationship management.
  • Leads the affordable housing CRA strategy, including LIHTC equity investments and other community development structures; prospect new opportunities and maintain relationships with developers, syndicators, and financial institutions.
  • Manages the LIHTC and EQ2 investment portfolios, including capital calls, investor consents, portfolio monitoring, internal return analysis, forecasting, and coordination with Tax, ALCO, and other internal stakeholders.
  • Serves as a resource and advisor to business lines and relationship managers on CRA related prospecting and client engagement.
  • Owns and leads preparation of the Bank's annual Social Impact Report, ensuring alignment with CRA performance, community strategy, and stakeholder expectations.
  • Prepares and presents quarterly updates to internal stakeholders and committees, including CRA Committee and senior management, summarizing progress, performance, and emerging risks or opportunities.
  • Maintains regular communication and reporting cadence with senior leaders, including biweekly and quarterly updates.
  • Adheres to and complies with applicable, federal and state laws, regulations and guidance, including those related to anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.).
  • Adheres to Bank policies and procedures and completes required training.
  • Identifies and reports suspicious activity.

QUALIFICATIONS
Education
  • Bachelor's Degree required.

Experience
  • 4 - 6 years experience with LIHTC, HUD and affordable housing preferred.

Knowledge, Skills, and Abilities
  • Strong understanding of Low Income Housing Tax credits and Affordable Housing.
  • Have knowledge and/or interest in New Markets Credits, Solar, Historic.
  • Ability to work independently; self-starter, pro-active.
  • Strong attention to detail and ability to manage multiple projects.

Additional Information
  • Candidates residing in locations within BankUnited's footprint may be given preference.

Apply