Opportunity Information: Apply for CDFI 2019 BEA
The FY 2019 Bank Enterprise Award (BEA) Program Application is a discretionary grant opportunity administered by the U.S. Department of the Treasury through the Community Development Financial Institutions Fund (CDFI Fund). Its main purpose is to encourage FDIC-insured banks and thrifts to expand the kind of community development work that brings capital, services, and financial opportunity into economically distressed communities. Instead of funding a single project in the traditional sense, the BEA Program is designed to reward and reinforce measurable increases in specific community development activities, using federal dollars to motivate more private-sector capital to flow into places that have historically been underinvested.
At the center of the program is a performance-based concept: participating insured depository institutions can earn monetary awards by increasing their investments in CDFIs and/or by increasing qualified lending, investment, and service activities that directly benefit economically distressed communities. In other words, the program is structured to complement and amplify what mission-driven banks and thrifts are already doing, by providing an additional financial incentive when they deepen their commitment or scale up their activity. The federal award is meant to be catalytic, helping institutions justify additional lending, expand services, or place more investment capital with CDFIs, with the end goal of getting more money and financial support into communities that need it most.
This opportunity falls under the Community Development funding activity category and is listed under CFDA number 21.021. The funding instrument type is a grant, and the opportunity category is discretionary, meaning awards are made through an application and competitive review process rather than by formula. The posting indicates an expected number of about 120 awards, with an award ceiling of up to $1,000,000 per award. That ceiling signals that while award sizes may vary, the program has capacity for substantial awards for institutions that demonstrate significant qualifying activity and strong alignment with the program's goals.
Eligibility is described broadly in the source data as "Others (see text field entitled Additional Information on Eligibility for clarification)," but the program description makes clear that the target applicants are FDIC-insured financial institutions, specifically insured depository institutions such as banks and thrifts. The BEA Program is national in scope and is intended for institutions across the country that are actively engaged in financing and supporting community and economic development, particularly through activities that increase credit, investment, and financial services in economically distressed areas or that increase investments in CDFIs.
Key timeline details included in the listing show the opportunity was created on April 26, 2019, with an original application closing date of May 24, 2019. The funding opportunity title is "FY 2019 Bank Enterprise Award Program Application," and the funding opportunity number is "CDFI 2019 BEA." Overall, the listing presents the BEA Program as a way for the CDFI Fund to leverage its dollars by incentivizing banks and thrifts to increase qualifying community development activity, effectively multiplying the impact of federal resources by pushing more capital into distressed communities through established financial institutions and partnerships with CDFIs.Apply for CDFI 2019 BEA
- The US Department of the Treasury, Community Development Financial Institutions in the community development sector is offering a public funding opportunity titled "FY 2019 Bank Enterprise Award Program Application" and is now available to receive applicants.
- Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 21.021.
- This funding opportunity was created on Apr 26, 2019.
- Applicants must submit their applications by May 24, 2019. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
- Each selected applicant is eligible to receive up to $1,000,000.00 in funding.
- The number of recipients for this funding is limited to 120 candidate(s).
- Eligible applicants include: Others (see text field entitled Additional Information on Eligibility for clarification).
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| U.S. Ambassador’s Special Self-Help Fund, U.S. Embassy Lilongwe Apply for MWI ASSHF FY18 Funding Number: MWI ASSHF FY18 Agency: Department of State, U.S. Mission to Malawi Category: Community Development Funding Amount: $15,000 |
| Ambassador's Special Self Help Program Apply for AF ESF CY2019 GR SSH 06010701 Funding Number: AF ESF CY2019 GR SSH 06010701 Agency: Department of State, U.S. Mission to Tanzania Category: Community Development Funding Amount: $10,000 |
| FY2019 Implementation of Management Plan Apply for NPS DOIP19AC00587 Funding Number: NPS DOIP19AC00587 Agency: Department of the Interior, National Park Service Category: Community Development Funding Amount: $332,097 |
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| Crossroads of the American Revolution NHA Apply for NPS 19 NERO 0089 Funding Number: NPS 19 NERO 0089 Agency: Department of the Interior, National Park Service Category: Community Development Funding Amount: $332,097 |
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| Public Matters: Lowell's Emerging Leaders Apply for NPS 19 NERO 0125 Funding Number: NPS 19 NERO 0125 Agency: Department of the Interior, National Park Service Category: Community Development Funding Amount: $15,000 |
| Kaunti Kuimarisha Uendelevu - Strengthening County Sustainability Apply for 72061519APS00003 Funding Number: 72061519APS00003 Agency: Agency for International Development, East Africa USAID-Kenya Category: Community Development Funding Amount: Case Dependent |
| Shenandoah Valley Battlefields National Historic District Apply for NPS 19 NERO 0131 Funding Number: NPS 19 NERO 0131 Agency: Department of the Interior, National Park Service Category: Community Development Funding Amount: Case Dependent |
| Susquehanna National Heritage Area Apply for NPS 19 NERO 0132 Funding Number: NPS 19 NERO 0132 Agency: Department of the Interior, National Park Service Category: Community Development Funding Amount: Case Dependent |
| ADDRESSING DRUG ABUSE AND ADDICTION IN KACHIN, MYANMAR Apply for 7200AA19APS00007 ADDENDUM 02 USAID BURMA Funding Number: 7200AA19APS00007 ADDENDUM 02 USAID BURMA Agency: Agency for International Development, Burma USAID - Rangoon Category: Community Development Funding Amount: $1,000,000 |
| U.S. Embassy Conakry, Annual Program Statement Apply for DOS CONAK FY19 01 Funding Number: DOS CONAK FY19 01 Agency: Department of State, U.S. Mission to Guinea Category: Community Development Funding Amount: $15,000 |
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