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Bank Enterprise Award Program is sponsored by Department of the Treasury. The Bank Enterprise Award Program (BEA Program) provides monetary awards to FDIC-insured depository institutions (i.e., banks and thrifts) that demonstrate increased investments and support to certified Community Development Financial Institutions (CDFIs) or in their lending, investing, or service-related activities in the most economically distressed communities.
This listing is currently active. Program number: 21. 021.
Last updated on 2026-01-19.
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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
According to the current listing, eligibility includes: Profit organization, Other private institutions/organizations For Profit Organizations and Other Private Institution/Organizations in the form of FDIC -insured depository institutions. Eligible applicant types include: Other private institutions/organizations, Not-for-Profit Organization, Profit organization. Confirm the full requirements in the official notice before applying.
The current listing shows recent federal obligations suggest $40,000,000 (2026). Verify award ceilings, matching requirements, and allowable costs in the official notice.
Yes — Bank Enterprise Award Program is offered by Department of the Treasury and this listing comes from SAM.gov, an official U.S. federal source. Federal applications generally require registrations (for example SAM.gov or an agency submission portal), so allow extra lead time.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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