Project Grant 231BE063463G
- 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 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...
- 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 a $124,000 Project Grant to Community Plus Federal Credit Union to build organizational capacity and serve target markets under the Community Development Financial Institutions Program (CFDA 21.020). Funding will support technical assistance activities such as personal and professional services, travel, training, equipment and supplies to strengthen the awardee's ability to provide affordable financial...
- Federal Grant Award Summary Bay Atlantic FCU received a $150,000 Technical Assistance award from the Community Development Financial Institutions (CDFI) Fund, Department of the Treasury, under the Community Development Financial Institutions Program (CFDA 21.020), effective September 30, 2025, through December 31, 2028. This Technical Assistance grant supports organizational capacity-building activities designed to strengthen the institution's ability to serve eligible markets and low-income...
- The Department of the Treasury Community Development Financial Institutions Fund awarded First Community Capital Inc. a $125,000 Project Grant under the Community Development Financial Institutions Program (CFDA 21.020). The grant will support technical assistance activities from September 2021 through June 2024 to build the organizational capacity of certified and emerging Community Development Financial Institutions. Technical assistance funds will be used for personal services, fringe...
- The Bank of Commerce was awarded a $1,826,265 CDFI Rapid Response Program grant by the Department of the Treasury's Community Development Financial Institutions Fund. The grant will support the Bank of Commerce's ability to respond to the economic impacts of the coronavirus pandemic through the Community Development Financial Institutions Rapid Response Program (CDFI RRP). The CDFI RRP aims to support, prepare for, and respond to the economic effects of COVID-19 through Community Development...
- The Department of the Treasury's Community Development Financial Institutions Fund awarded Inclusive Action For The City a $125,000 Project Grant under the Community Development Financial Institutions Program (CFDA 21.020). The grant will support technical assistance activities through December 2023 to build the organizational capacity of certified and emerging Community Development Financial Institutions. Technical assistance funds will be used for personal and professional services, travel,...
- The Department of the Treasury Community Development Financial Institutions Fund awarded a $125,000 Project Grant under the Community Development Financial Institutions Program to Cani's Center For Community And Economic Development, Inc., doing business as Brightpoint Development Fund. The grant will support technical assistance activities through October 31, 2023 to build the organizational capacity of certified and emerging Community Development Financial Institutions. Technical assistance...
- 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 McLennan Community Investment Fund. This Project Grant will support the provision of technical assistance to build organizational capacity and serve eligible markets and target populations as defined in 12 C.F.R. 1805. Funds must be used for eligible activities including personal and fringe benefits, professional...
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 | 12/20/24 | ||
| Not listed | $0 | 8/30/24 | ||
| Not listed | $437.4k | 9/20/23 |