Project Grant 231BE063591G
- 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 $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 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...
- The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Fnbc Bancorp Inc. a $230,000 Project Grant under the Small Dollar Loan Program (CFDA 21.025). The grant will enable the recipient to establish a loan loss reserve and provide technical assistance to support small dollar lending. Through this alternative lending model, the intended outcomes are to help the unbanked and underbanked populations build credit, access affordable capital, and...
- The Department of the Treasury's Community Development Financial Institutions Fund awarded Plaquemine Bank & Trust Company $1.8 million under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024) from June 2021 through December 2023. The CDFI RRP aims to support Community Development Financial Institutions' ability to address economic impacts of the coronavirus pandemic by preparing for and responding to related needs. Through this funding,...
- This $295,000 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund will support the Bank of Commerce's participation in the Small Dollar Loan Program. Through this award ending December 2024, the Bank of Commerce will establish a loan loss reserve and receive technical assistance to provide alternative small dollar loans to underbanked populations. The Small Dollar Loan Program aims to increase access to affordable capital and credit building...
- 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 Department of the Treasury's Community Development Financial Institutions Fund awarded a $125,000 Project Grant to Inner City Advisors to provide technical assistance services through 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 services. Funding...
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 |