FY 2012 Bank Enterprise Award Program

Post Date

June 20th 2012

Application Due Date

July 27th 2012

Funding Opportunity Number

CDFI-2012-BEA

CFDA Number(s)

21.021

Funding Instrument Type(s)

Grant

Funding Activity Categories

Community Development

Number of Awards

85

Eligibility Categories

Other

FDIC-Insured Depository Institutions (banks and thrifts).

Funding

• Estimated Total Funding:

  $18000000

• Award Range:

  $1500 - $2000000

Grant Description

Through the Bank Enterprise Award Program (BEA Program), the U.S. Department of the Treasuryуs 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 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 CDFI 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:

  Program HelpDesk
  Phone 202-662-6355

• Agency Mailing Address:

  Program HelpDesk

• Agency Email Address:

  cdfihelp@cdfi.treas.gov

• More Information:

  BEA Program webpage on the CDFI Fund's website.