2008 BEA Program

Post Date

December 10th 2007

Application Due Date

March 13th 2008

Funding Opportunity Number

CDFI-2008-BEA

CFDA Number(s)

21.021

Funding Instrument Type(s)

Grant

Funding Activity Categories

Community Development

Number of Awards

60

Eligibility Categories

Other

FDIC Insured Depository Institutions (banks and thrifts).

Funding

• Estimated Total Funding:

  $10000000

• Award Range:

  $1 - $500000

Grant Description

Through the Bank Enterprise Award (BEA) Program, the CDFI Fund supports 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 financial incentives to expand investments in CDFIs and to increase lending, investment, and service activities within economically distressed communities. Providing monetary awards for increasing community development activities leverages the Funds dollars and puts more capital to work in distressed communities throughout the nation.

Contact Information

• Agency

  Department of the Treasury

• Office:

  Community Development Financial Institutions

• Agency Contact:

  CDFI Fund Help Desk
  Phone (202) 622-2455

• Agency Mailing Address:

  CDFI Fund's IT Help Desk

• Agency Email Address:

  cdfihelp@cdfi.treas.gov

• More Information:

  CDFI Fund's website, BEA Program webpage.