FY 2012 Bank Enterprise Award Program

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Synopsis

Full Announcement

Application

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The synopsis for this grant opportunity is detailed below, following this paragraph. This synopsis contains all of the updates to this document that have been posted as of 06/20/2012 . If updates have been made to the opportunity synopsis, update information is provided below the synopsis.

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Document Type:	Grants Notice
Funding Opportunity Number:	CDFI-2012-BEA
Opportunity Category:	Discretionary
Posted Date:	Jun 20, 2012
Creation Date:	Jun 20, 2012
Original Closing Date for Applications:	Jul 27, 2012
Current Closing Date for Applications:	Jul 27, 2012
Archive Date:	Jul 28, 2012
Funding Instrument Type:	Grant
Category of Funding Activity:	Community Development
Category Explanation:
Expected Number of Awards:	85
Estimated Total Program Funding:	$18,000,000
Award Ceiling:	$2,000,000
Award Floor:	$1,500
CFDA Number(s):	21.021  --  Bank Enterprise Award Program
Cost Sharing or Matching Requirement:	No

Eligible Applicants

Others (see text field entitled "Additional Information on Eligibility" for clarification)
 

Additional Information on Eligibility:

FDIC-Insured Depository Institutions (banks and thrifts). 

Agency Name

Community Development Financial Institutions

Description

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 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. 

Link to Additional Information

BEA Program webpage on the CDFI Fund's website.

If you have difficulty accessing the full announcement electronically, please contact:

Program HelpDesk
Phone 202-662-6355 Program HelpDesk

Synopsis Modification History

There are currently no modifications for this opportunity.