Closed · CDFI-2024-BEA · CFDA 21.021 · Discretionary

FY 2024 Bank Enterprise Award Program Application

Federal grant opportunity posted by Community Development Financial Institutions, cataloged on Grants.gov.

$10K-$1M
Award range
Closed
Status
May 28, 2024
Close date
190
Expected awards

The verdict

FY 2024 Bank Enterprise Award Program Application is a closed discretionary listing from Community Development Financial Institutions that offered $10,000 -- $1,000,000 across 190 expected awards. Future funding cycles may be published under the same CFDA number.

$10K-$1M
award range
Closed
application status
190
expected awards
21.021
CFDA program

Opportunity snapshot. This Grants.gov announcement - FY 2024 Bank Enterprise Award Program Application - is cataloged under number CDFI-2024-BEA and tied to CFDA assistance listing 21.021, posted by Community Development Financial Institutions. Grants.gov currently shows the opportunity as closed, first posted on April 26, 2024 and last updated on April 24, 2024. The funding category is Discretionary, delivered as a grant.

Award economics. The award range on file is $10,000 -- $1,000,000. The agency has projected $40.0 million in total estimated funding for this announcement. It expects to issue 190 awards. If the agency funds the expected 190 awards from the $40.0 million estimated pool, the average award works out to roughly $211,000. Cost sharing is not required, so applicants do not need to commit matching funds to be competitive on this opportunity. Federal award ranges are often upper bounds; actual allocations reflect program appropriations, the strength of the applicant pool, and the evaluation committee's scoring.

Deadline and action path. This opportunity closed on May 28, 2024. Future funding cycles may be published under the same CFDA number, so monitoring the parent program page is the most reliable way to catch re-announcements. Every Grants.gov submission requires an active SAM.gov registration and a Unique Entity ID. Review the Eligibility section below carefully, federal eligibility categories (nonprofit, state or local government, tribal, individual, educational institution, small business) have distinct registration and reporting requirements. Pre-application outreach to the listed agency contact is permitted and often welcomed, it helps clarify scope and scoring priorities. Before acting on the deadline or award figures above, verify them directly on the official Grants.gov listing, amendments can change dates and amounts after this page was last refreshed.

Award Range

$10,000 -- $1,000,000

Close Date

May 28, 2024

Posted

April 26, 2024

Est. Total Funding

$40,000,000

Expected Awards

190

Instrument

Grant

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 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.

Eligibility

Grants.gov lists this opportunity under eligibility category code 25. These codes correspond to applicant types (state/local government, tribal organization, nonprofit, educational institution, individual, small business, etc.) defined in Grants.gov's own eligibility reference. See the current Grants.gov eligibility categories or check the official listing below for this opportunity's exact eligibility statement.

Official Listing on Grants.gov

View full details, application forms, and submission instructions.

View on Grants.gov

Agency Contact

CDFI Fund Help Desk (202) 653-0421

Key Dates

Posted April 26, 2024
Close Date May 28, 2024
Archive Date June 27, 2024
Last Updated April 24, 2024

Frequently Asked Questions

What is this grant opportunity?
This is a federal funding opportunity titled "FY 2024 Bank Enterprise Award Program Application", offered by Community Development Financial Institutions. It is associated with CFDA program 21.021. 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 institution...
Is this opportunity still open?
No, this opportunity is closed. It closed on May 28, 2024. Check the parent program page for future funding cycles.
How much funding is available?
The award range for this opportunity is $10,000 -- $1,000,000. Total estimated funding: $40,000,000. Expected number of awards: 190.
How do I apply?
Applications for federal grant opportunities are typically submitted through Grants.gov. Visit the official listing at grants.gov for application instructions, required documents, and submission deadlines.

Disclaimer: This information is sourced from Grants.gov and SAM.gov and is for informational purposes only. Opportunity details, deadlines, and eligibility requirements change frequently. Always verify current information directly on Grants.gov before applying. PlainGrants is not affiliated with any federal agency.

Data sourced from the SAM.gov Assistance Listings and Grants.gov. See our methodology for details. Retrieved and formatted by PlainGrants