The CDFI Fund is offering the Bank Enterprise Award (BEA) Program Grant to bolster financial institutions actively engaged in community and economic development. This grant is designed to provide financial incentives to insured depository institutions, encouraging them to expand investments in Community Development Financial Institutions (CDFIs). Furthermore, it aims to significantly increase their lending, investment, and vital service activities within economically distressed communities. By allocating monetary awards for heightened community development engagement, the program effectively leverages the Fund’s resources, channeling more capital into underserved areas. This strategic initiative ensures greater financial support reaches distressed communities across the nation, fostering sustainable growth and opportunity where it is most needed.
Opportunity ID: 92613
General Information
| Document Type: | Grants Notice |
| Funding Opportunity Number: | CDFI-2011-BEA |
| Funding Opportunity Title: | CDFI-2011-BEA |
| Opportunity Category: | Discretionary |
| Opportunity Category Explanation: | – |
| Funding Instrument Type: | Grant |
| Category of Funding Activity: | Community Development |
| Category Explanation: | – |
| Expected Number of Awards: | 65 |
| Assistance Listings: | 21.021 — Bank Enterprise Award Program |
| Cost Sharing or Matching Requirement: | No |
| Version: | Synopsis 1 |
| Posted Date: | May 09, 2011 |
| Last Updated Date: | – |
| Original Closing Date for Applications: | Jun 23, 2011 |
| Current Closing Date for Applications: | Jun 23, 2011 |
| Archive Date: | Jun 24, 2011 |
| Estimated Total Program Funding: | $22,000,000 |
| Award Ceiling: | $500,000 |
| 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 (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: | BEA Program webpage on the CDFI Fund’s website. |
| Grantor Contact Information: | If you have difficulty accessing the full announcement electronically, please contact:
Program HelpDesk
Phone 202-622-6355 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: | Program HelpDesk Phone 202-622-6355 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 | PKG00052672 | May 09, 2011 | Jun 23, 2011 | View |
Package 1
Mandatory forms
92613 SF424_Mandatory-1.1.pdf
92613 Attachments-1.0.pdf
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