Project Grant 211BE023920G
- The Department of the Treasury Community Development Financial Institutions Fund awarded Southeast First National Bank a $125,000 Project Grant under the Community Development Financial Institutions Program (CFDA 21.020). The grant will support the bank in building its organizational capacity to serve eligible low-income communities and individuals across the United States who lack adequate access to affordable financial products and services through September 2024. Key activities to be...
- This Project Grant award of $300,000 from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund, under the CDFI Program (CFDA 21.020), is intended to promote economic revitalization and community development through technical assistance to build the capacity of Community Development Financial Institutions (CDFIs) and emerging CDFIs. The funding will support eligible activities such as compensation for personnel, fringe benefits, professional services,...
- The Department of the Treasury Community Development Financial Institutions Fund awarded $125,000 under the Community Development Financial Institutions Program (CFDA 21.020) to Entre Capital, LLC. The Project Grant will support technical assistance activities through December 2024 to build the organizational capacity of certified and emerging Community Development Financial Institutions. Technical assistance funds will be used for personal services, fringe benefits, professional services,...
- The Department of the Treasury's Community Development Financial Institutions Fund awarded $125,000 under the Community Development Financial Institutions Program (CFDA 21.020) to The Community Economic Development Fund I. Llc. The Project Grant will support technical assistance activities to build the recipient's organizational capacity to serve eligible markets and target populations as defined in 12 C.F.R. 1805. Allowable activities include compensation for personal and professional services,...
- The Department of the Treasury's Community Development Financial Institutions Fund awarded a $125,000 Project Grant to Mentorworks Education Capital, Inc. to provide technical assistance services under the Community Development Financial Institutions Program (CFDA 21.020). The goal is to build the organizational capacity of certified and emerging Community Development Financial Institutions to serve low-income communities and individuals who lack access to affordable financial products and...
- The U.S. Department of the Treasury's Departmental Offices awarded Bay Bank, a for-profit American Indian-owned Community Development Financial Institution (CDFI), a $322,218 Project Grant under the State Small Business Credit Initiative (SSBCI) Technical Assistance Grant Program (CFDA 21.031). This grant funding will enable Bay Bank to provide legal, accounting, and financial advisory services to very small and underserved businesses applying for SSBCI capital programs or other...
- The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Bank of Anguilla $1.826 million under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024) on June 15, 2021. The funding is to be used through December 31, 2023 to support, prepare for, and respond to the economic impacts of the coronavirus pandemic in the United States, in line with the objectives of the CDFI RRP program. Specifically, Bank of...
- This federal Project Grant award of $300,000 from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) aims to promote economic revitalization and community development by providing technical assistance to build the capacity of certified and emerging CDFIs. The funding supports eligible activities such as personnel compensation, professional services, travel, training, equipment, and supplies to help these organizations strengthen...
- The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $300,000 Project Grant to Cani's Center For Community And Economic Development, Inc. (doing business as Brightpoint Development Fund) on November 21, 2024. The purpose of the grant is to promote economic revitalization and community development by providing technical assistance to build the capacity of certified and emerging CDFIs to serve low-income populations and communities that lack...
- This federal Project Grant award of $300,000 from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) aims to build the organizational capacity of the Cooperativa De Ahorro Y Credito Empleados De Bacardi Corporation, a certified CDFI. The funding will support the CDFI's efforts to promote economic revitalization and community development by providing technical assistance in the form of personnel compensation, professional services,...
PURPOSE: THE BANK ENTERPRISE AWARD PROGRAM (BEA PROGRAM) PROVIDES MONETARY AWARDS TO FDIC INSURED DEPOSITORY INSTITUTIONS (I.E., BANKS AND THRIFTS) THAT DEMONSTRATE INCREASES IN THEIR (I) INVESTMENTS AND SUPPORT TO CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS), OR (II) LENDING, INVESTING, OR SERVICE-RELATED ACTIVITIES IN THE MOST ECONOMICALLY DISTRESSED COMMUNITIES. PLANNED ACTIVITIES: THROUGH THE BEA PROGRAM, THE CDFI FUND AWARDS FORMULA BASED GRANTS TO DEPOSITORY INSTITUTIONS THAT ARE INSURED BY THE FDIC FOR INCREASING THEIR LEVELS OF LOANS, INVESTMENTS, SERVICE ACTIVITIES, AND TECHNICAL ASSISTANCE TO RESIDENTS AND BUSINESSES IN THE MOST ECONOMICALLY DISTRESSED COMMUNITIES; AND FINANCIAL ASSISTANCE AND TECHNICAL ASSISTANCE TO CERTIFIED CDFIS THROUGH EQUITY INVESTMENTS, EQUITY LIKE LOANS, GRANTS, STOCK PURCHASES, LOANS, DEPOSITS, AND OTHER FORMS OF ASSISTANCE; DURING A SPECIFIED PERIOD. END GOALS: EXPECTED OUTCOMES INCLUDE DEMONSTRATED INCREASED INVESTMENTS AND SUPPORT TO CERTIFIED CDFIS OR IN THE RECIPIENT'S LENDING, INVESTING, OR SERVICE-RELATED ACTIVITIES IN THE MOST ECONOMICALLY DISTRESSED COMMUNITIES. BENEFICIARIES: PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, AND OTHER PRIVATE INSTITUTION/ORGANIZATION. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: NOT APPLICABLE. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.
Mod # | Description | ReasonForModification | Federal Obligation | Date |
|---|---|---|---|---|
| Not listed | $0 | 12/5/23 | ||
| Not listed | $170.7k | 4/6/22 |