Bank Enterprise Award Program

 

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.

Active 21.021 Community Development Financial Institutions Fund, Department of The Treasury B - Project Grants Fiscal Year 2017 Please visit the CDFI Fund website for information on program accomplishments. The information can be accessed via www.cdfiund.gov/bea.
Fiscal Year 2018 Visit the CDFI Fund website for information on program accomplishments. The information can be accessed via www.cdfifund.gov/bea.
Fiscal Year 2019 Visit the CDFI Fund website for information on program accomplishments. The information can be accessed via www.cdfifund.gov/bea.
Fiscal Year 2020 Visit the CDFI Fund website for information on program accomplishments. The information can be accessed via www.cdfifund.gov/bea.
Fiscal Year 2021 Visit the CDFI Fund website for information on program accomplishments. The information can be accessed via www.cdfifund.gov/bea.
Fiscal Year 2022 Visit the CDFI Fund website for information on program accomplishments. The information can be accessed via www.cdfifund.gov/bea. Bank Enterprise Act of 1991, Community Development Banking and Financial Institutions Act of 1994, 12 U.S.C. 1834a, 4713 For Profit Organizations and Other Private Institution/Organizations in the form of FDIC -insured depository institutions. Distressed communities as defined in 12 C.F.R. 1806. An entity that is an FDIC-insured Depository Institution is eligible to apply for a BEA Program Award. The entity must submit a BEA Program Application to the Community Development Financial Institutions Fund (CDFI Fund) by the deadline set forth in the applicable Notice of Funds Availability (NOFA) in order to be considered for an Award. Additional eligibility requirements are set forth in the applicable NOFA. Preapplication coordination is not applicable. 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. All applications must be received by the established deadline. The CDFI Fund reviews applications and makes awards based on an established awards review process, set forth in the NOFA and application materials. Contact the headquarters or regional location, as appropriate for application deadlines Award approval/disapproval determinations may be made within approximately 180 days after the application deadline. The application deadline is approximately 60 days subsequent to the NOFA publication date. Not applicable. Not applicable. Award Recipients are selected based upon a priority ranking of qualified activities as set forth in the BEA Program regulations, the NOFA, and application materials. Qualified activities include, in order of priority, the following: (1) CDFI Related Activities; (2) Distressed Community Financing Activities; and (3) Service Activities. Additional selection priority is given to Certified CDFI applicants within each category. The CDFI Fund makes grants to selected applicants that (1) invest in or otherwise support CDFIs; (2) increase lending and investment activities within Distressed Communities; and/or (3) increase the provision of certain services and technical assistance within Distressed Communities. An Award is based upon a percentage of the increase in qualifying activities that are demonstrated by the applicant between an established baseline period and assessment period. This information is announced in the NOFA published in the Federal Register. Only FDIC-insured banks and thrifts may apply for an Award under this program. Performance Reports: Performance Monitoring is accomplished with the review of the Uses of BEA Program Award Report submitted by the Award Recipient. Additionally, the Annual Certification and Data Collection Report (ACR) (OMB Control Number 1559-0046) is submitted by certified organizations that receive BEA Program Award funds. The ACR requires a certified organization to annually assess and report on any changes to criteria supporting its CDFI certification, as well as some additional organizational, financial, and other data. The CDFI Fund uses this report to monitor the certified organization’s compliance with certification criteria and to collect data on the CDFI industry for decision-making and research purposes. Not applicable. Award Recipients must maintain records to substantiate all Award costs incurred and to assure that all performance measures are met. Records must be retained in accordance with the provisions of applicable OMB guidance and the terms of the Award Agreement. Statutory formula is not applicable to this assistance listing.

Matching requirements are not applicable to this assistance listing.

MOE requirements are not applicable to this assistance listing. Funds must be used within one year of executing an Award Agreement and must be used for BEA Program authorized activities set forth in the applicable NOFA. Method of awarding/releasing assistance: Lump. None/Not specified. Community Development Financial Institutions Fund
Bank Enterprise Award Program
Washington, DC 20220 US
bea@cdfi.treas.gov
Phone: (202) 653-0300 http://www.cdfifund.gov 20-1881-0-1-451 (Project Grants) FY 22 Estimate Not Available FY 23 est $70,000,000.00; FY 24 est $35,000,000.00; FY 21$25,999,915.00; FY 20$25,170,245.00; FY 19$25,105,787.00; - FY 2019 Range of awards $15,000 to $245,547; Average Award $222,175; FY 2020 Range of awards $14,700 to $202,898; Average Award $182,393; FY 2021 Range of awards $30,000 to $170,699; Average Award $164,556. 2 C.F.R. Part 200, Revised Interim Rule (12 C.F.R. Part 1806); NOFA; and application materials. Fiscal Year 2017 Please visit the CDFI Fund website for examples of funded projects. The information can be accessed via www.cdfiund.gov/bea.
Fiscal Year 2019 Please visit the CDFI Fund website for examples of funded projects. The information can be accessed via www.cdfiund.gov/bea.
Fiscal Year 2020 Please visit the CDFI Fund website for examples of funded projects. The information can be accessed via www.cdfifund.gov/bea.
Fiscal Year 2021 Please visit the CDFI Fund website for examples of funded projects. The information can be accessed via www.cdfifund.gov/bea.
Fiscal Year 2022 Please visit the CDFI Fund website for examples of funded projects. The information can be accessed via www.cdfifund.gov/bea.