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Community Development Finance Jobs (NOW HIRING)

Frost Bank

Community Development Officer

Austin, TX

Coordinate the CRA department's annual Frost Financial Youth Academy in the applicable school(s ... Document community development investments, services, and loans on a quarterly basis. Provide ...

Heartland Bank and Trust Company

$66K - $78K/yr

The Community Development Specialist will be part of the Community Reinvestment and Fair Banking ... Conduct research on consumer credit, financial education, and other CRA trends in the industry ...

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Community Development Finance information

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$22K

$75.1K

$159.5K

How much do community development finance jobs pay per year?

As of Jun 17, 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 June 2026, with employment types broken down into 1% As Needed, 98% Full Time, and 1% Part Time. Highlights an 81% Physical, 8% Hybrid, and 11% Remote job distribution, with an average salary of $75,113 per year, or $36.1 per hour.
Community Development Specialist

Community Development Specialist

Heartland Bank and Trust Company

Springfield, IL • On-site

$66K - $78K/yr

Full-time

Posted 4 days ago

Job description

Text "2583" to (309) 322-9911 to apply.
Wage Range: Min: $54,153, Mid: $66,561, Max: $78,969
A Brief Overview
The Community Development Specialist is responsible for helping the Bank maintain effective and compliant CRA and fair lending programs, specifically as it pertains to coordinating successful community outreach programs. The Community Development Specialist will be part of the Community Reinvestment and Fair Banking Department of the Risk Management Division where the primary focus is helping management protect the Bank against undue risk exposure.
What you will do
  • Remain current on state and federal regulations pertaining to assigned areas of oversight.
  • Conduct research on consumer credit, financial education, and other CRA trends in the industry, including reviewing regulatory resources as well as competitor activities. Recommend new programs and/or changes to existing programs to enhance CRA offerings.
  • Assist with coordinating community outreach programs, including administering the Bank's financial literacy courses.
  • Help with planning and executing annual Money Matters Train the Trainer classes in the Bank's various market regions.
  • Assist with maintaining accurate CRA volunteer service logs and donation logs including all applicable supporting documentation within the department's software.
  • Serve as a liaison between the CRA & Fair Banking Department and assigned branch network.
  • Support the CRA & Fair Banking Officer by drafting monthly, quarterly, and yearly reports from areas of oversight.

Other Qualifications/Requirements
  • Some basic understanding of CRA and fair lending laws.
  • Bachelor's Degree Business and less than 1 year CRA and/or Fair Lending preferred or equivalent combination of education and experience.

Who We Are
Heartland Bank and Trust Company is headquartered in Bloomington, Illinois. With 70+ locations throughout Illinois and Eastern Iowa, Heartland continues to grow and is committed to preserving strong ties to our communities, customers, employees, and shareholders.
Heartland Bank's mission is to "create value for the customer, earn a profit for the Bank, and have fun doing it!" At Heartland, employees have the opportunity to make a difference every day.
What We Offer
At Heartland Bank, we offer a competitive benefits package to provide you with peace of mind. Click here to learn more about what benefits we have to offer.
Physical Demands
  • Regularly: Sitting, Feeling/Touching, Talking, Hearing, Vision - close peripheral, depth
  • Frequently: Standing, Walking, Grasping/Reaching - with arms and hands, Repetitive Motions
  • Occasionally: Climbing and/or Balancing, Stooping, Kneeling, Crouching, and/or Crawling, Lifting (30 lbs.)

Equal Opportunities and Accommodations Statement
Heartland Bank is deeply committed to creating a workplace where inclusion is not only valued but prioritized. We're proud to be an equal opportunity employer, seeking to create a welcoming and diverse environment. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender identity or expression, family status, marital status, sexual orientation, national origin, genetics, disability, age, or any other non-merit based or legally protected grounds.
Salary Disclaimer
The salary range represents the range of possible compensation at the time of posting. Heartland Bank considers several factors when extending an offer, including but not limited to, the role and associated responsibilities, a candidate's work experience, education/training, key skills, and internal equity.
The salary range minimum, midpoint, and maximum listed above represent a full range of career compensation growth over time in this position and pay grade. Starting pay typically starts between minimum and midpoint upon hire. The Bank offers compensation growth opportunities within its career architecture.

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