Opportunity Information: Apply for CDFI 2017 BEA
The FY 2017 Bank Enterprise Award Program (BEA Program) Application is a discretionary federal 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 kinds of community development activities that bring credit, investment, and financial services into economically distressed areas. Rather than funding a brand-new stand-alone project, the BEA Program is structured to reward and strengthen ongoing, measurable efforts by insured depository institutions that are already committing resources to community and economic development.
At the center of the program is a performance-based incentive model. The BEA Program provides monetary awards to institutions that increase (1) their investments in CDFIs and/or (2) their qualified lending, investment, and service activities in economically distressed communities. In practice, this means applicants are typically competing based on documented increases in eligible community development activity over a defined period, with the award functioning as a catalytic benefit that helps the institution do more of what is already working. By paying for increased activity, the CDFI Fund aims to stretch federal dollars further and draw additional private-sector capital into places where it is often hardest to attract sustained financing.
The eligible applicant pool is described broadly as "Others" with additional eligibility details referenced in the full announcement, but the narrative makes clear the core target audience: FDIC-insured financial institutions, specifically banks and thrifts. These are institutions that have both the regulatory status (FDIC-insured) and the operational capacity to originate loans, make investments, and deliver financial services at scale. The emphasis on CDFI-related activity also signals that partnerships between traditional insured depository institutions and mission-driven CDFIs are a key strategy the program is designed to promote.
Administratively, the opportunity is identified as "FY 2017 Bank Enterprise Award Program Application" with the funding opportunity number CDFI 2017 BEA. It is categorized as a grant under a discretionary funding authority and is aligned with the Community Development funding activity category. The associated CFDA number is 21.021, which is commonly used to track this federal assistance program. The opportunity record lists a creation date of September 29, 2017, and an original application closing date of November 16, 2017, establishing a relatively short application window typical of annual federal program cycles.
In terms of scale, the listing indicates an award ceiling of $1,000,000 per award and an expectation of approximately 90 awards. That combination suggests a nationally competitive program with the potential to distribute substantial incentive funds across a wide range of institutions, while still offering individual award sizes large enough to materially support expanded community development lending and investment. Overall, the BEA Program is designed as a lever: it uses federal award dollars to motivate and reinforce increased private financial activity in distressed communities, with the goal of putting more capital to work where it can drive tangible local economic benefits.Apply for CDFI 2017 BEA
- The Department of the Treasury, Community Development Financial Institutions in the community development sector is offering a public funding opportunity titled "FY 2017 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 Sep 29, 2017.
- Applicants must submit their applications by Nov 16, 2017. (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 90 candidate(s).
- Eligible applicants include: Others (see text field entitled Additional Information on Eligibility for clarification).
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| Overview of Anticipated Civil Society Programming Apply for 72016918RFA00001 Funding Number: 72016918RFA00001 Agency: Agency for International Development, Serbia USAID-Belgrade Category: Community Development Funding Amount: $2,000,000 |
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| Framework for Giving in Serbia Apply for 72016918RFA00002 Funding Number: 72016918RFA00002 Agency: Agency for International Development, Serbia USAID-Belgrade Category: Community Development Funding Amount: $2,000,000 |
| Civic Action for Accountability Apply for 72016918RFA00003 Funding Number: 72016918RFA00003 Agency: Agency for International Development, Serbia USAID-Belgrade Category: Community Development Funding Amount: $2,000,000 |
| USAID’s Promoting Advocacy and Rights (PAR) Activity Apply for 72038818REOI01 Funding Number: 72038818REOI01 Agency: Agency for International Development, Bangladesh USAID-Dhaka Category: Community Development Funding Amount: $7,000,000 |
| Building and Sustaining Effective Community Anti-drug Coalitions Apply for INL18CA0005 INLPCGLOBAL 11282017 Funding Number: INL18CA0005 INLPCGLOBAL 11282017 Agency: Department of State, Bureau of International Narcotics-Law Enforcement Category: Community Development Funding Amount: $2,000,000 |
| Data for Youth Services Collaborative Project in Côte d’Ivoire, DCLI Apply for 95332418N0004 Funding Number: 95332418N0004 Agency: Millennium Challenge Corporation Category: Community Development Funding Amount: $2,800,000 |
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| Local Engagement and Asset Development Activity Apply for 72016918RFA00004 Funding Number: 72016918RFA00004 Agency: Agency for International Development, Serbia USAID-Belgrade Category: Community Development Funding Amount: $2,000,000 |
| Positive Youth Engagement Apply for 72029418RFA00001 Funding Number: 72029418RFA00001 Agency: Agency for International Development, West Bank, Gaza USAID-West Bank Category: Community Development Funding Amount: $25,000,000 |
| FY18 DRL Empowering Youth in India Apply for DRLA DRLAQM 18 024 060096 Funding Number: DRLA DRLAQM 18 024 060096 Agency: Department of State, Bureau of Democracy Human Rights and Labor Category: Community Development Funding Amount: $650,000 |
| FY18 DRL Supporting Human Rights Defenders in Tajikistan Apply for DRLA DRLAQM 18 026 Funding Number: DRLA DRLAQM 18 026 Agency: Department of State, Bureau of Democracy Human Rights and Labor Category: Community Development Funding Amount: $500,000 |
| FY18 DRL Supporting Objective Media in Hungary Apply for DRLA DRLAQM 18 032 Funding Number: DRLA DRLAQM 18 032 Agency: Department of State, Bureau of Democracy Human Rights and Labor Category: Community Development Funding Amount: $700,000 |
| FY18 DRL Promoting Freedom of Expression in Ukraine Apply for DRLA DRLAQM 18 033 Funding Number: DRLA DRLAQM 18 033 Agency: Department of State, Bureau of Democracy Human Rights and Labor Category: Community Development Funding Amount: $450,000 |
| Youth Homelessness Demonstration Program Apply for FR 6100 N 35 Funding Number: FR 6100 N 35 Agency: US Department of Housing and Urban Development Category: Community Development Funding Amount: $15,000,000 |
| Fiscal Year 2018 CDFI Program Apply for CDFI 2018 FATA Funding Number: CDFI 2018 FATA Agency: US Department of the Treasury, Community Development Financial Institutions Category: Community Development Funding Amount: $1,000,000 |
| Fiscal Year 2018 NACA Program Apply for CDFI 2018 NACA Funding Number: CDFI 2018 NACA Agency: US Department of the Treasury, Community Development Financial Institutions Category: Community Development Funding Amount: $1,000,000 |
| Improving Tertiary Violence Prevention Apply for 720 522 18 RFA 00003 Funding Number: 720 522 18 RFA 00003 Agency: Agency for International Development, Honduras USAID-Tegucigalpa Category: Community Development Funding Amount: $8,000,000 |
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