FY 2014 Bank Enterprise Award Program

Funding Opportunity Number: CDFI-2014-BEA Opportunity Category: DiscretionaryFunding Instrument Type: GrantCategory of Funding Activity: Community DevelopmentCFDA Number: 21.021Eligible Applicants Others (see text field entitled "Additional Information on Eligibility" for clarification)Agency Name: USDOT-CDFIClosing Date: Jun 02, 2014Award Ceiling: $2,000,000Expected Number of Awards: 85Creation Date: Apr 23, 2014Funding Opportunity 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 financial incentives to expand investments in CDFIs and to increase qualified lending, investment, and service activities within economically distressed communities. Providing monetary awards for increasing community development activities leverages the CDFI Funds dollars and puts more capital to work in distressed communities throughout the nation.

Source: Grants.gov - April 24, 2014 Category: Research Tags: Community Development Source Type: funding