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  • Writer's pictureTom Kenny

Dept of Treasury - 2023 Bank Enterprise Award Program Application

Opportunity Title:

FY 2023 Bank Enterprise Award Program Application

Opportunity Number:

CDFI-2023-BEA

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 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.

Eligibility:

Applicants must be FDIC-Insured Depository Institutions (banks and thrifts)

Award Details:

Total Amount Available: $70,000,000

Maximum Award: $1,000,000

Minimum Award: $0


Submission Details:

Application Deadline: 5/2/23



Grant Management Associates has years of experience in helping applicants apply for opportunities like this one. Contact us today for a consultation.


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