The FY 2024 Bank Enterprise Award Program Application is a grant opportunity from the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund). The program supports FDIC-insured financial institutions that are dedicated to financing and supporting community and economic development activities. Key objectives include increasing investments in CDFIs and increasing qualified lending, investment, and service activities within economically distressed communities. Applicants will be evaluated on their ability to demonstrate these increased community development activities. The application deadline is May 28, 2024.
This grant program provides monetary awards to the selected FDIC-insured depository institutions. The specific award amounts are not provided, but the program aims to leverage the CDFI Fund's dollars to put more capital to work in distressed communities throughout the nation. There are no details provided about the quantity of awards or the timeline for the services.
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