FY 2024 Bank Enterprise Award Program Application
Closed Posted
- Opportunity number
- CDFI-2024-BEA
- Agency
-
Community Development Financial Institutions Fund
Department of the Treasury
- Applications due
- Award size
- $10,000 to $1,000,000
Opportunity facts
- Assistance listings
- Funding instrument
- Grant
- Category
-
- Community Development
- Eligible applicants
-
- Other
- Full announcement
Opportunity details come from Grants.gov. Updated .
About this opportunity
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.
Synopsis
Through the Bank Enterprise Award Program (BEA Program), the U.S. Department of the Treasury's 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 Fund's dollars and puts more capital to work in distressed communities throughout the nation.
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