| Funding Opportunity ID: |
325062 |
| Opportunity Number: |
CDFI-2020-BEA |
| Opportunity Title: |
FY 2020 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: |
US Department of the Treasury
Community Development Financial Institutions |
| Posted Date: |
Apr 02, 2020 |
| Close Date: |
May 04, 2020 |
| Last Updated Date: |
Mar 25, 2020 |
| Award Ceiling: |
$1,000,000 |
| Award Floor: |
$0 |
| Estimated Total Program Funding: |
$25,000,000 |
| Expected Number of Awards: |
120 |
| 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: |
4 |
| Modification Comments: |
Updated Open and Close dates |
