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Bank Enterprise Award Program is sponsored by Community Development Financial Institutions Fund (U.S. Department of the Treasury). The BEA Program provides awards to FDIC-insured institutions for increasing their support of CDFIs and advancing their community development activities in distressed communities. These activities promote economic opportunity and impact real lives nationwide.
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# Bank Enterprise Award Program | Community Development Financial Institutions Fund **Official websites use** A **. gov** website belongs to an official government organization in the United States.
**Secure websites use HTTPS** Community Development Financial Institutions Fund U.S. Department of the Treasury ##### Top Navigation Second * Community Development Advisory Board * Bank Enterprise Award (BEA) Program * Capital Magnet Fund (CMF) Program * CDFI Bond Guarantee Program * CDFI Equitable Recovery Program * CDFI Rapid Response Program * New Markets Tax Credit (NMTC) Program * Small Dollar Loan Program * Compliance and Performance Reporting Resources * Opportunity Zones Resources * Searchable Awards Database * NMTC Allocatee States Served * Historical Award Documents * Program Eligibility Guidance * Message From the Director [](https://www.
cdfifund. gov/programs-training/programs/bank-enterprise-award) 4. Bank Enterprise Award Program # Bank Enterprise Award Program ## Bank Enterprise Award Program Benefits The BEA Program awards FDIC-insured depository institutions for increasing their investments and support of CDFIs and advancing their community development financing and service activities in the most economically distressed communities.
Over the past seven rounds, from FY 2016 through FY 2024, BEA Program award recipients have increased: * Their investments, lending, and technical assistance to Certified CDFIs by $418 million * Their lending and direct investments in distressed communities by more than $4.
3 billion * The provision of financial services in distressed communities by $314 million Download Bank Enterprise Award Program Fact Sheet (English) › Download Bank Enterprise Award Program Fact Sheet Fact Sheet (Español) › Investment in economically distressed communities is critical to the revitalization of those areas.
Through the Bank Enterprise Award Program (BEA Program), the CDFI Fund provides monetary awards to FDIC-insured depository institutions (_i. e. _, banks and thrifts) that successfully demonstrate an increase in their investments in CDFIs or in their own lending, investing, or service activities in the most distressed communities.
BEA Distressed Communities are defined as those where at least 30% of residents have incomes that are less than the national poverty level and where the unemployment rate is at least 1. 5 times the national unemployment rate. Award amounts align with an applicant’s increase in Qualified Activities from one annual period to another—the greater the increase, the larger the overall award.
Awards are prioritized based on the Qualified Activity type, the CDFI Certification status of the applicant, and the asset size of the applicant. BEA Program awards must be invested in future Eligible Activities. Leveraging BEA Program awards increases the flow of capital to the most distressed communities and creates sound and scalable economic ripple effects.
By multiplying the impact of federal investments with private dollars, the BEA Program increases investments in CDFIs, accelerates the growth of businesses, generates jobs, increases the availability and affordability of housing, improves access to financial products and services, and creates real change in the most distressed communities nationwide.
For more information, please see our**Bank Enterprise Award Program fact sheet**(English/Español). FDIC-insured depository institutions are eligible to apply for a BEA Program award. There are three categories of Qualified Activities, which are listed below: **CDFI Related Activities**: Provide equity investments, grants, equity-like loans, loans, deposits, and/or technical assistance to CDFIs.
A list of Certified CDFIs is available on theCDFI Certification webpage.
**Distressed Community Financing Activities**: Provide direct lending or investment in the form of affordable home mortgages, affordable housing development loans or investments, home improvement loans, education loans, small business loans or investments, small dollar consumer loans, commercial real estate development loans or investments to residents or businesses located in distressed communities.
**Service Activities**: Provide access to financial products and services, such as checking accounts, savings accounts, check cashing, financial counseling, new banking branches, or individual development accounts to residents of distressed communities. For more detailed information, please refer to the Notice of Funds Availability (NOFA) ### Are you an individual or business seeking a loan?
Click here to learn how to find CDFIs and CDEs that are providing services in your community. * PAST YEAR'S APPLICATION MATERIALS * STEP 2 | Award Announcement * STEP 3 | Closing and Disbursement * CLOSING AND DISBURSEMENT * STEP 4 | Compliance and Reporting * COMPLIANCE AND REPORTING **Awards**Looking for more about Awards for this program?
Find it on our Awards page › **Our Impact**Learn more about the impact of the CDFI Fund on our Impact Blog › ## CDFI Fund Tools & Resources ### ACCESS TOOLS AND RESOURCES Access the CDFI Fund's database systems below. Use the Awards Database search to find CDFI Fund awardees by state for all of the CDFI Fund's programs.
* **Compliance and Performance Reporting Resources** * AboutCareersCommunity Development Advisory Board * Programs & TrainingCertificationProgramsTraining & TA * Tools & ResourcesAMISCIMS Mapping ToolCompliance and Performance Reporting ResourcesOpportunity Zones Resources * AwardsSearchable Awards DatabaseNMTC Allocatee States ServedHistorical Award Documents * Research & DataResearch ReportsData ReleasesProgram Eligibility GuidanceSnap Stat * News & EventsAnnouncementsMessage From the DirectorRequests for CommentsUpcoming Events Community Development Financial Institutions Fund United States Department of the Treasury ##### Footer Link Menu First * Small & Disadvantaged Businesses ##### Footer Link Menu Second
Based on current listing details, eligibility includes: FDIC-insured depository institutions that increase their support of CDFIs and advance community development activities. Applicants should confirm final requirements in the official notice before submission.
Current published award information indicates Awards vary Always verify allowable costs, matching requirements, and funding caps directly in the sponsor documentation.
The current target date is rolling deadlines or periodic funding windows. Build your timeline backwards from this date to cover registrations, approvals, attachments, and final submission checks.
Federal grant success rates typically range from 10-30%, varying by agency and program. Build a strong proposal with clear objectives, measurable outcomes, and a well-justified budget to improve your chances.
Requirements vary by sponsor, but typically include a project narrative, budget justification, organizational capability statement, and key personnel CVs. Check the official notice for the complete list of required attachments.
Yes — AI tools like Granted can help research funders, draft proposal sections, and check compliance. However, always review and customize AI-generated content to reflect your organization's unique strengths and the specific requirements of the solicitation.
Review timelines vary by funder. Federal agencies typically take 3-6 months from submission to award notification. Foundation grants may be faster, often 1-3 months. Check the program's timeline in the official solicitation for specific dates.
Many federal programs offer multi-year funding or allow competitive renewals. Check the official solicitation for continuation and renewal policies. Non-competing continuation applications are common for multi-year awards.
Capital Magnet Fund (CMF) is sponsored by Community Development Financial Institutions Fund (U.S. Department of the Treasury). Capital Magnet Fund (CMF) is a competitive grant program from the Community Development Financial Institutions Fund (U. S. Department of the Treasury) that funds affordable housing development and community facilities serving low-income people and communities.
Small Dollar Loan Program is a grant program from the Community Development Financial Institutions Fund (U.S. Department of the Treasury) that funds certified CDFIs to expand affordable small-dollar consumer loan products as alternatives to predatory lending in underserved communities. Launched in 2021, the program has awarded over $40.2 million across three funding rounds to help CDFIs scale up responsible lending at the small-dollar level. Eligible applicants are certified Community Development Financial Institutions with a demonstrated track record of serving low-income and underserved borrowers in their communities.
The Fund for Women & Girls Grant Program is sponsored by The Foundation for Enhancing Communities (TFEC). The Fund for Women & Girls, an initiative of TFEC, makes grants to local nonprofit organizations in specific South Central PA counties. The grants support projects that advance the lives of women and girls by providing opportunities to address basic needs, develop economic self-sufficiency, and strengthen health and safety needs.
VGF grants will be used to develop and/or support community-based entities to recruit, manage, and support volunteers. CNCS seeks to fund effective approaches that expand volunteering, strengthen the capacity of volunteer connector organizations to recruit and retain skill-based volunteers, and develop strategies to use volunteers effectively to solve problems. Specifically, the VGF grants will support efforts that expand the capacity of volunteer connector organizations to recruit, manage, support and retain individuals to serve in high quality volunteer assignments.Applicants that receive funding under this Notice may directly carry out the activities supported under the award, or may carry out the activities by making sub-grants to community-based entities, supporting volunteer generation at these entities.). Funding Opportunity Number: AC-05-25-21. Assistance Listing: 94.021. Funding Instrument: G. Category: O. Award Amount: $6.1M total program funding.