The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) provides the Bank Enterprise Award Program (BEA Program) grant to FDIC-insured financial institutions to support community and economic development activities. This grant incentivizes increased investments in CDFIs and qualified lending, investment, and service activities within economically distressed communities. By awarding monetary prizes, the program encourages the expansion of community development efforts, multiplying the impact of the CDFI Fund’s investments in underserved areas. Closing date: Nov 16, 2017.
Opportunity ID: 297731
General Information
| Document Type: | Grants Notice |
| Funding Opportunity Number: | CDFI-2017-BEA |
| Funding Opportunity Title: | FY 2017 Bank Enterprise Award Program Application |
| Opportunity Category: | Discretionary |
| Opportunity Category Explanation: | – |
| Funding Instrument Type: | Grant |
| Category of Funding Activity: | Community Development |
| Category Explanation: | – |
| Expected Number of Awards: | 90 |
| Assistance Listings: | 21.021 — Bank Enterprise Award Program |
| Cost Sharing or Matching Requirement: | No |
| Version: | Synopsis 1 |
| Posted Date: | Sep 28, 2017 |
| Last Updated Date: | – |
| Original Closing Date for Applications: | Nov 16, 2017 |
| Current Closing Date for Applications: | Nov 16, 2017 |
| Archive Date: | Dec 16, 2017 |
| Estimated Total Program Funding: | $23,000,000 |
| Award Ceiling: | $1,000,000 |
| Award Floor: | $1,500 |
Eligibility
| Eligible Applicants: | Others (see text field entitled “Additional Information on Eligibility” for clarification) |
| Additional Information on Eligibility: | Applicants must be FDIC-Insured Depository Institutions (banks and thrifts). |
Additional Information
| Agency Name: | Community Development Financial Institutions |
| Description: | Through the Bank Enterprise Award Program (BEA Program), the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) supports FDIC-insured 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 monetary awards for increasing investments in CDFIs and for increasing qualified lending, investment, and service activities within economically distressed communities. Providing BEA Program awards for increasing community development activities leverages the CDFI Fund’s dollars and puts more capital to work in distressed communities throughout the nation. |
| Link to Additional Information: | A webpage on the CDFI Fund’s website with all the relevant details regarding the Bank Enterprise Award Program. |
| Grantor Contact Information: | If you have difficulty accessing the full announcement electronically, please contact:
CDFI Fund Help Desk
(202) 653-0421 Email:cdfihelp@cdfi.treas.gov |
Version History
| Version | Modification Description | Updated Date |
|---|---|---|
Related Documents
There are no related documents on this grant.
Packages
| Agency Contact Information: | CDFI Fund Help Desk (202) 653-0421 Email: cdfihelp@cdfi.treas.gov |
| Who Can Apply: | Organization Applicants |
| Assistance Listing Number | Competition ID | Competition Title | Opportunity Package ID | Opening Date | Closing Date | Actions |
|---|---|---|---|---|---|---|
| 21.021 | PKG00234996 | Sep 29, 2017 | Nov 16, 2017 | View |
Package 1
Mandatory forms
297731 SF424_Mandatory_1_2-1.2.pdf
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