FY 2024 Bank Enterprise Award Program Application
ID: 353759Type: Posted
Overview

Buyer

Community Development Financial Institutions (USDOT-CDFI)

Award Range

$10K - $1M

Eligible Applicants

Others

Funding Category

Community Development

Funding Instrument

Grant

Opportunity Category

Discretionary

Cost Sharing or Matching Requirement

Yes

Original Source

https://grants.gov/search-results-detail/353759

Additional Information

https://www.cdfifund.gov/programs-training/Programs/bank_enterprise_award/Pages/default.aspx
Timeline
    Description

    The Community Development Financial Institutions (CDFI) Fund, part of the U.S. Department of the Treasury, is inviting applications for the FY 2024 Bank Enterprise Award Program, aimed at supporting FDIC-insured financial institutions that promote community and economic development. The program seeks to provide monetary awards to banks and thrifts that increase their investments in Community Development Financial Institutions (CDFIs) and enhance qualified lending and service activities in economically distressed areas. This initiative is crucial for leveraging additional capital to foster economic growth in underserved communities across the nation. Interested applicants must submit their proposals by May 28, 2024, with awards ranging from $10,000 to $1,000,000, and a total funding pool of $40 million available for approximately 190 awards. For further details, applicants can reach out to the CDFI Fund Help Desk at cdfihelp@cdfi.treas.gov or call (202) 653-0421.

    Point(s) of Contact
    cdfihelp@cdfi.treas.gov
    Files
    No associated files provided.
    Similar Opportunities
    Community Economic Development Planning Grants
    Active
    Administration for Children and Families - OCS
    The Administration for Children and Families (ACF) is forecasting the availability of Community Economic Development Planning Grants aimed at supporting Community Development Corporations (CDCs) in enhancing their administrative capacity to stimulate new economic development projects. Eligible applicants must be private, non-profit CDCs with 501(c)(3) status, demonstrating a commitment to low-income housing or community economic development, and must have a Board of Directors that includes community residents, business leaders, and civic leaders. This funding opportunity, with an estimated total of $1.5 million available for approximately 10 awards ranging from $75,000 to $150,000, is designed to focus on underserved communities and align with federal priorities such as the Justice40 Initiative. Interested applicants can reach out to Chanel Jackson at Chanel.Jackson@acf.hhs.gov or by phone at 202-969-3633 for further information, with applications due by May 1, 2025, and awards expected to be announced by August 29, 2025.
    2024 Build to Scale
    Active
    Economic Development Administration
    The Economic Development Administration (EDA) is inviting applications for the 2024 Build to Scale grant program, aimed at supporting organizations that foster technology and innovation-driven high-growth companies. This program seeks to enhance public and private capacity for entrepreneurs to develop and commercialize new products and services in critical and emerging sectors, thereby accelerating regional economic growth and increasing access to capital for technology-enabled entrepreneurs. With an estimated total program funding of $50 million and an award ceiling of $5 million, the EDA expects to make approximately 40 awards, with applications due by October 28, 2024. For further details, applicants can reach out to the EDA at oie@eda.gov or visit the program's website at https://www.eda.gov/funding/programs/build-to-scale.
    Rural Economic Development Loan and Grant
    Active
    Rural Business-Cooperative Service
    The Rural Business-Cooperative Service, part of the USDA, is offering the Rural Economic Development Loan and Grant program to support rural projects through local utility organizations. This initiative aims to provide zero-interest loans and grants to local utilities, which will then pass the funding to businesses that create or retain jobs in rural areas. The program anticipates awarding up to $2 million for loans and $300,000 for grants, with a total of approximately 40 awards expected. Interested applicants must ensure their submissions are received by the USDA Rural Development State Office by the quarterly deadlines, with the final date for this funding cycle being June 30, 2025. For further inquiries, contact Cindy Mason at cindy.mason@usda.gov or call 202-690-1433.
    FY2024 Community Project Funding/Congressionally Directed Spending
    Active
    Employment and Training Administration
    The Employment and Training Administration (ETA) of the U.S. Department of Labor has announced the FY2024 Community Project Funding/Congressionally Directed Spending grant opportunity, aimed at enhancing workforce development initiatives across the nation. Eligible organizations, as specified in the accompanying appendix, must submit comprehensive applications through Grants.gov between September 1, 2024, and January 31, 2025, demonstrating alignment with Congress-approved project descriptions and measurable outcomes. This funding opportunity, with an award ceiling of $6 million and a floor of $10,000, is part of a broader commitment to support employment, labor, and training activities, with approximately $107.8 million available for various projects. For further inquiries, applicants can contact Grant Officer Aiyana Pucci at community.projects.ETA@dol.gov.
    2024 Bureau of Indian Education: Tribal Education Department (TED)
    Active
    Bureau of Indian Affairs
    The Bureau of Indian Affairs is offering a federal grant opportunity titled "2024 Bureau of Indian Education: Tribal Education Department (TED)" aimed at enhancing tribal education capacity. This grant supports the development and enforcement of tribal educational codes, facilitates tribal control over education for Indian children, and encourages coordinated educational programs across Bureau-funded schools. With an estimated total program funding of $2 million, the grant awards range from $50,000 to $160,000, and applications must be submitted electronically by 5:00 p.m. ET on October 15, 2024. For further inquiries, interested applicants can contact JoAnn Metcalfe at Jo.metcalfe@bia.gov.
    FY25 GUIDELINES FOR BROWNFIELD CLEANUP GRANTS
    Active
    Environmental Protection Agency
    The Environmental Protection Agency (EPA) has announced the Fiscal Year 2025 (FY25) Brownfield Cleanup Grants, aimed at funding cleanup activities at contaminated properties to promote environmental justice and community revitalization. Eligible applicants, including local governments and non-profit organizations, must own the brownfield site by the application deadline and complete a Phase II environmental assessment, with funding amounts ranging from $500,000 to $4 million per applicant. This initiative, supported by the Infrastructure Investment and Jobs Act, emphasizes the importance of addressing environmental challenges while fostering equitable development, with a total program funding of $100 million and an expected 30 awards. Applications must be submitted by November 14, 2024, through www.grants.gov, and inquiries can be directed to Elyse Salinas at Brownfields@epa.gov.
    Social and Economic Development Strategies -SEDS
    Active
    Administration for Children and Families - ANA
    The Administration for Children and Families (ACF), through the Administration for Native Americans (ANA), is announcing the availability of Fiscal Year 2025 funds for the Social and Economic Development Strategies (SEDS) program. This grant opportunity aims to support community-driven projects that enhance local economies, strengthen Native American families, and preserve Native American cultures, addressing the challenges posed by inadequate community-based businesses and social infrastructure. The program is particularly significant for federally-recognized Indian tribes, non-federally recognized tribes, and various Native organizations, with a total estimated funding of $21 million and awards ranging from $100,000 to $900,000. Interested applicants can find more information and contact Carmelia Strickland at Carmelia.Strickland@acf.hhs.gov, with applications due by April 15, 2025, and awards expected to be announced by August 29, 2025.
    SCORE-2025-01
    Active
    Small Business Administration
    The Small Business Administration (SBA) is offering a federal grant opportunity titled SCORE-2025-01, aimed at enhancing mentoring and training for entrepreneurs through a cooperative agreement. This initiative seeks to support nonprofits without 501(c)(3) status in providing high-quality business and economic development assistance to both existing small businesses and nascent entrepreneurs, leveraging the expertise of SCORE's extensive network of over 10,000 volunteer mentors across more than 250 local chapters. The total funding available for this opportunity is up to $17 million, with one award anticipated, and applications must be submitted by October 28, 2024. For further inquiries, interested applicants can contact the Grants.gov Customer Support at 1-800-518-4726, available 24/7.
    State Digital Equity Capacity Grant Program (2024)
    Active
    National Telecommunications and Information Admini
    The National Telecommunications and Information Administration (NTIA) is offering the State Digital Equity Capacity Grant Program (2024), which allocates $1.44 billion to support states and U.S. Territories in implementing Digital Equity Plans aimed at promoting digital inclusion and addressing barriers faced by vulnerable populations. Eligible applicants include any U.S. state, the District of Columbia, Puerto Rico, and Native Entities that have completed a qualifying Digital Equity Plan, with a focus on sustainable projects that enhance broadband access, digital literacy, and inclusivity of online services. Applications from states are due by May 28, 2024, while U.S. Territories must submit by July 31, 2024; Native Entities can apply from September 25, 2024, to February 7, 2025. For further inquiries, applicants can contact Angela Thi Bennett at digitalequity@ntia.gov or (202) 482-2048.
    Social and Economic Development Strategies for Alaska-SEDS-AK
    Active
    Administration for Children and Families - ANA
    The Administration for Children and Families (ACF), through the Administration for Native Americans (ANA), is forecasting the availability of Fiscal Year 2025 funds for the Social and Economic Development Strategies for Alaska (SEDS-AK) program. This grant opportunity aims to support community-driven projects that enhance the core capacity of Alaska Native Village governments, promoting social and economic self-sufficiency tailored to the unique needs of Alaska Native communities. With an estimated total program funding of $2 million, the ACF anticipates awarding three grants, with individual awards ranging from $100,000 to $900,000. Interested applicants, including federally recognized Indian tribes and non-profit organizations in Alaska, should submit their applications electronically by April 14, 2025, with the expected award date set for August 29, 2025. For further inquiries, applicants can contact Carmelia Strickland at (202) 401-6741 or via email at Carmelia.Strickland@acf.hhs.gov.