FY 2017 Bank Enterprise Award Program Application

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Funding Opportunity ID: 297731
Opportunity Number: CDFI-2017-BEA
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:
CFDA Number(s): 21.021
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).
Agency Code: USDOT-CDFI
Agency Name: Department of the Treasury
Community Development Financial Institutions
Posted Date: Sep 29, 2017
Close Date: Nov 16, 2017
Last Updated Date: Sep 28, 2017
Award Ceiling: $1,000,000
Award Floor: $1,500
Estimated Total Program Funding: $23,000,000
Expected Number of Awards: 90
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.
Version: Synopsis 1

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