FY 2016 Bank Enterprise Award Program Application

The summary for the FY 2016 Bank Enterprise Award Program Application grant is detailed below. This summary states who is eligible for the grant, how much grant money will be awarded, current and past deadlines, Catalog of Federal Domestic Assistance (CFDA) numbers, and a sampling of similar government grants. Verify the accuracy of the data FederalGrants.com provides by visiting the webpage noted in the Link to Full Announcement section or by contacting the appropriate person listed as the Grant Announcement Contact. If any section is incomplete, please visit the website for the Community Development Financial Institutions, which is the U.S. government agency offering this grant.
FY 2016 Bank Enterprise Award Program Application: 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.
Federal Grant Title: FY 2016 Bank Enterprise Award Program Application
Federal Agency Name: Community Development Financial Institutions (USDOT-CDFI)
Grant Categories: Community Development
Type of Opportunity: Discretionary
Funding Opportunity Number: CDFI-2016-BEA
Type of Funding: Grant
CFDA Numbers: 21.021
CFDA Descriptions: Information not provided
Current Application Deadline: April 5th, 2017
Original Application Deadline: April 5th, 2017
Posted Date: February 23rd, 2017
Creation Date: February 23rd, 2017
Archive Date: May 5th, 2017
Total Program Funding: $19,000,000
Maximum Federal Grant Award: $1,000,000
Minimum Federal Grant Award: $1,500
Expected Number of Awards: 80
Cost Sharing or Matching: No
Last Updated: March 29th, 2017
Applicants Eligible for this Grant
Others (see text field entitled "Additional Information on Eligibility" for clarification.)
Additional Information on Eligibility
Applicants must be FDIC-Insured Depository Institutions (banks and thrifts).
Link to Full Grant Announcement
A webpage on the CDFI Fund's website with all the relevant details regarding the Bank Enterprise Award Program.
Grant Announcement Contact
CDFI Fund Help Desk
(202) 653-0421
CDFI Fund Help Desk
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