The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) offers the Bank Enterprise Award (BEA) Program. This initiative supports FDIC-insured financial institutions committed to community and economic development nationwide. The BEA Program provides crucial financial incentives to these institutions, encouraging them to expand investments in Community Development Financial Institutions (CDFIs). It also aims to increase qualified lending, investment, and service activities specifically within economically distressed communities. By offering monetary awards for heightened community development engagement, the program effectively leverages the CDFI Fund’s resources, channeling more vital capital into areas that need it most, thereby fostering greater economic resilience and opportunity.
Opportunity ID: 235819
General Information
| Document Type: | Grants Notice |
| Funding Opportunity Number: | CDFI-2013-BEA |
| Funding Opportunity Title: | FY 2013 Bank Enterprise Award Program |
| Opportunity Category: | Discretionary |
| Opportunity Category Explanation: | – |
| Funding Instrument Type: | Grant |
| Category of Funding Activity: | Community Development |
| Category Explanation: | – |
| Expected Number of Awards: | 85 |
| Assistance Listings: | 21.021 — Bank Enterprise Award Program |
| Cost Sharing or Matching Requirement: | No |
| Version: | Synopsis 1 |
| Posted Date: | Jun 03, 2013 |
| Last Updated Date: | – |
| Original Closing Date for Applications: | Jul 12, 2013 |
| Current Closing Date for Applications: | Jul 12, 2013 |
| Archive Date: | Jul 13, 2013 |
| Estimated Total Program Funding: | $17,100,000 |
| Award Ceiling: | $2,000,000 |
| Award Floor: | $1,500 |
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 Program (BEA Program), the U.S. Department of the Treasurys 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 financial incentives to expand investments in CDFIs and to increase qualified lending, investment, and service activities within economically distressed communities. Providing monetary awards for increasing community development activities leverages the CDFI Funds dollars and puts more capital to work in distressed communities throughout the nation. |
| Link to Additional Information: | BEA Program webpage on the CDFI Fund’s website. |
| Grantor Contact Information: | If you have difficulty accessing the full announcement electronically, please contact:
CDFI Fund Helpdesk
Phone: (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 Helpdesk Phone: (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 |
|---|---|---|---|---|---|---|
| PKG00178891 | Jun 03, 2013 | Jul 12, 2013 | View |
Package 1
Mandatory forms
235819 SF424_Mandatory_1_2-1.2.pdf
235819 Attachments-1.0.pdf
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