The CDFI Fund is presenting the Bank Enterprise Award (BEA) Program to support financial institutions nationwide dedicated to community and economic development. This program provides incentives to insured depository institutions to enhance investments in CDFIs and boost activities within underprivileged communities. By offering monetary awards for expanding community development efforts, the program maximizes the impact of funds and facilitates increased capital flow into distressed areas across the country. Closing date: Mar 13, 2008.
Opportunity ID: 40186
General Information
| Document Type: | Grants Notice |
| Funding Opportunity Number: | CDFI-2008-BEA |
| Funding Opportunity Title: | 2008 BEA Program |
| Opportunity Category: | Discretionary |
| Opportunity Category Explanation: | – |
| Funding Instrument Type: | Grant |
| Category of Funding Activity: | Community Development |
| Category Explanation: | – |
| Expected Number of Awards: | 60 |
| Assistance Listings: | 21.021 — Bank Enterprise Award Program |
| Cost Sharing or Matching Requirement: | No |
| Version: | Synopsis 1 |
| Posted Date: | Dec 10, 2007 |
| Last Updated Date: | – |
| Original Closing Date for Applications: | Mar 13, 2008 |
| Current Closing Date for Applications: | Mar 13, 2008 |
| Archive Date: | Mar 14, 2008 |
| Estimated Total Program Funding: | $10,000,000 |
| Award Ceiling: | $500,000 |
| Award Floor: | $1 |
Eligibility
| Eligible Applicants: | Others (see text field entitled “Additional Information on Eligibility” for clarification) |
| Additional Information on Eligibility: | FDIC Insured Depository Institutions (banks and thrifts). |
Additional Information
| Agency Name: | Community Development Financial Institutions |
| Description: | Through the Bank Enterprise Award (BEA) Program, the CDFI Fund supports financial institutions around the country that are dedicated to financing and supporting community and economic development activities. The BEA Program complements the community development activities of insured depository institutions (i.e., banks and thrifts) by providing financial incentives to expand investments in CDFIs and to increase lending, investment, and service activities within economically distressed communities. Providing monetary awards for increasing community development activities leverages the Funds dollars and puts more capital to work in distressed communities throughout the nation. |
| Link to Additional Information: | CDFI Fund’s website, BEA Program webpage. |
| Grantor Contact Information: | If you have difficulty accessing the full announcement electronically, please contact:
CDFI Fund Help Desk
Phone (202) 622-2455 Email:cdfihelp@cdfi.treas.gov |
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