FY 2024 Bank Enterprise Award Program Application

$10,000 - $1,000,000
Applications Due: Closed
Federal
USDOT-CDFI (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 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 Funds dollars and puts more capital to work in distressed communities throughout the nation.

Eligibility

States
All
Regions
All
Eligible Entities
Exclusive - see details

Funding

Program Funding
$40,000,000
Award Ceiling
$1,000,000
Award Floor
$10,000
Award Count
190

Timing

Posted Date
April 27, 2024
App Status
No Longer Accepting Applications
Pre-app Deadline
Application Deadline
May 28, 2024

Funder

Funding Source
Source Type
Federal
Contact Name
Contact Email
Contact Phone

Why Organizations Trust GrantExec

$78.81B
Available Funding
7,151
Active Grants
224
New Grants Analyzed This Week