Grants / Department of the Treasury / Community Development Financial Institutions

CDFI-2024-BEA: FY 2024 Bank Enterprise Award Program Application

Closed Closed May 28, 2024 Opportunity CDFI-2024-BEA ☆ Save

This grant is closed. Who won this program's grants before is below, and similar open grants are at the end of the page. It is in our archive of Community Development Financial Institutions notices from 2024.

• Award ceiling$1.0 million
• Award floor$10,000
• Total funding$40.0 million
• Expected awards190
• Cost sharingNot required
• Funding typeGrant

Key dates

Who can apply

This opportunity was open to the applicants described in the notice.

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

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

Is this a realistic fit?

• Past Bank Enterprise Award Program awards averaged $265,289; this notice allows up to $1.0 million per award.
• Most of the program's money (99% over five years) went to businesses.
• No cost sharing or match is required.

What the grant funds

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.

Category: Community Development.

Applying now

This notice no longer takes applications. Agencies often post the same opportunity again under a new number, so check the program's notices on Grants.gov and the similar open grants below.

The notice on Grants.gov keeps its full text and attachments, which is useful for planning a resubmission.