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Grants to USA Federally Insured Depository Institutions for Programs
that Promote Economic Development in Distressed Communities

Bank Enterprise Award (BEA) Program

Agency Type:

Federal

Funding Source:

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U.S. Department of the Treasury - Community Development Financial Institutions Fund (CDFI)

Conf. Date:

11/03/21

LOI Date:

11/12/21

Deadline Date:

12/14/21

Description:

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Grants to USA federally insured depository institutions for programs that promote economic development in distressed communities. Applicants are advised that required registrations may take several weeks to finalize. Eligible activities include financing and investments and consumer and commercial financing.

Qualified Activities include:

  • CDFI Financing and Investments: Providing loans, deposits, technical assistance, equity, and equity-like loans and grants to CDFIs. CDFIs are financial institutions that specialize in serving individuals and communities that are underserved by traditional financial institutions. CDFIs include banks, credit unions, loan funds, and venture capital funds.
  • Consumer and Commercial Financing: Providing loans, investments, and financial services directly to residents and businesses located in distressed communities. Financial services include basic transactions involving checks, money orders, and certified checks.

Unlike other CDFI Fund programs, the BEA Program provides awards for increasing past activities in distressed communities and not for planned or proposed activities. However, all BEA Program awardees must use their grants for Qualified Activites. 

GrantWatch ID#:

GrantWatch ID#: 134613

Estimated Total Program Funding:

$26,000,000

Number of Grants:

120

Estimated Size of Grant:

Under no circumstances will an award be higher than $1 million for any Award Recipient.

Additional Eligibility Criteria:

Eligible Applicants:
- The depository institution holding company of an Insured Depository Institution may not apply on behalf of an Insured Depository Institution. Applications received from depository institution holding companies will be disqualified.
- Eligible Applicants for the BEA Program must be Insured Depository Institutions, as defined in the Interim Rule.
- For the FY 2021 funding round, an Applicant must have been FDIC-insured as of the first day of the Baseline Period, January 1, 2019, and maintain its FDIC-insured status at the time of Application to be eligible for consideration for a BEA Program Award under this NOFA.
- The depository institution holding company of an Insured Depository Institution may not apply on behalf of an Insured Depository Institution. Applications received from depository institution holding companies will be disqualified.

Pre-proposal Conference:

Application Webinars:
The CDFI Fund is conducting two live webinars to provide applicants with an overview of the FY 2021 BEA Program application and a forum to ask questions. Advance registration is not required to participate in the webinars. Please access the webinars, using the links provided below, at least five minutes prior to the beginning of the webinar.

Viewing these webinars requires the use of WebEx. To download the WebEx Event manager, please see the instructions on the WebEx Downloads webpage.
Webinar 1:
- October 27, 2021, 2:30-3:30 PM ET
Call: 1-800-779-1504
Passcode: 3024660
Access Webinar
Conference number: PWXW2398415
Passcode: 3024660

Webinar 2:
- November 3, 2021, 2:30-3:30 PM ET
Call: 1-800-369-1603
Passcode: 3034981
Access Webinar
Conference number: PWXW2398416
Passcode: 3034981

Pre-Application Information:

Timeline:
- October 13, 2021: FY 2021 Round Opens
- October 27, 2021: BEA Program General Application Webinar #1
- November 3, 2021: BEA Program General Application Webinar #2
- November 12, 2021: Deadline for Submitting SF-424 Mandatory through Grants.gov
- December 10, 2021: Last day the CDFI Fund will answer questions about the Application
- December 10, 2021: Last day to register a user and organization in AMIS.
- December 10, 2021: Last day to enter, edit or delete BEA transactions, and verify addresses/census tracts in AMIS
- ​December 14, 2021: Last day to contact IT Help Desk re AMIS related support and submission of the Application
​- December 14, 2021: ​Deadline for submitting FY 2021 BEA Program Electronic Application in AMIS
- ​March 2022: FY 2021 BEA Program Award Announcement

Applicants must be registered with Grants.gov to submit the Grants Application Package. The Grants Application Package consists of one item, the SF–424 Mandatory. In order to register with Grants.gov, Applicants must have a DUNS number and have an active registration with SAM.gov. The CDFI Fund strongly encourages Applicants to start the Grants.gov registration process as soon as possible.

Application Process:
https://www.cdfifund.gov/programs-training/programs/bank-enterprise-award/apply-step#timeline

View this opportunity on Grants.gov:
https://www.grants.gov/web/grants/view-opportunity.html?oppId=330954

Webinar recording: https://youtu.be/xXhH8lH_ZPw

Contact Information:

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

Please direct any questions to the CDFI Fund’s Help Desk at (202) 653-0421 or cdfihelp@cdfi.treas.gov.

CFDA Number:

21.021

Funding or Pin Number:

CDFI-2013-BEA

URL for Full Text (RFP):

Geographic Focus:

USA: Alabama;   Alaska;   Arizona;   Arkansas;   California;   Colorado;   Connecticut;   Delaware;   Florida;   Georgia;   Hawaii;   Idaho;   Illinois;   Indiana;   Iowa;   Kansas;   Kentucky;   Louisiana;   Maine;   Maryland;   Massachusetts;   Michigan;   Minnesota;   Mississippi;   Missouri;   Montana;   Nebraska;   Nevada;   New Hampshire;   New Jersey;   New Mexico;   New York City;   New York;   North Carolina;   North Dakota;   Ohio;   Oklahoma;   Oregon;   Pennsylvania;   Rhode Island;   South Carolina;   South Dakota;   Tennessee;   Texas;   Utah;   Vermont;   Virginia;   Washington, DC;   Washington;   West Virginia;   Wisconsin;   Wyoming

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