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.
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