Announcements

• CDFI Fund Opens FY 2010 Funding Round of BEA Program
  
  

Overview

The Bank Enterprise Award (BEA) Program was created in 1994 to support FDIC-insured financial institutions around the country that are dedicated to financing and supporting community and economic development activities. The BEA Program complements the community development activities of insured depository institutions (i.e., banks and thrifts) by providing financial incentives to expand investments in CDFIs and to increase lending, investment, and service activities within economically distressed communities. Providing monetary awards for increasing community development activities leverages CDFI Fund dollars and puts more capital to work in distressed communities throughout the nation.

The BEA Program provides formula-based grants to applicants for increasing qualified activities from a Baseline Period to an Assessment Period. Awards are based on activities within three categories:

1. CDFI Related Activities: Equity Investments, Equity-like Loans, Grants, Loans, Deposits/Shares, and Technical Assistance to Qualified CDFI Partners.
2. Distressed Community Financing Activities: Affordable Home Mortgage Loans, Affordable Housing Development Loans, Small Business Loans, Home Improvement Loans, Education Loans, and Commercial Real Estate Loans.
3. Service Activities: Deposits, Community Services, and Financial Services.

All depository institutions insured by the Federal Deposit Insurance Corporation (FDIC) are eligible to apply for a BEA Program award.

For more detailed information, please refer to the Notice of Funds Availability (NOFA) found in the Application Materials section below.

Information Sessions:

The CDFI Fund will be conducting two conference calls regarding the 2010 Bank Enterprise Award (BEA) Program funding round. These calls will serve as a forum for potential applicants to ask questions of CDFI Fund staff about the BEA application materials and award process. The schedule and instructions for accessing the conference calls are outlined below:

Schedule

• April 6, 2010, 2:00 PM EDT
• April 13, 2010, 2:00 PM EDT

Instructions

To access any of the conference calls, participants need to call (202) 927-2255 and enter in the participant pin access code: 302084. No prior registration is necessary. Please note that the phone number and pin number are the same for all of the conference calls.

For more information about the BEA Program and the application process, or the CDFI Fund’s programs, please visit the Fund’s website at www.cdfifund.gov or contact the CDFI Fund Helpdesk by emailing cdfihelp@cdfi.treas.gov or by calling (202) 622-6355.

Timeline

NOFA Published:	March 23, 2010
Application Deadline:	May 5, 2010
Awards Announced:	August 2010

Application Materials
2010 BEA Program - NOFA (.pdf) 2010 BEA Program - Application Instructions (.pdf) 2010 BEA Program - Standard Form (SF) - 424 (.doc) 2010 BEA Program Application Forms and Certifications (.doc) 2010 BEA Program Application Charts (.xls) 2010 BEA Program - Instructions for Distressed Community Designation and CDFI Partner Registration (.pdf) 2010 BEA Supplemental Guidance (.pdf)
Supplemental Resources
BEA Program - Award Reporting Form BEA Program - Revised Regulations (12 CFR Part 1806) BEA Program Award Disbursement Process BEA Program - Statement of Integral Involvement Environmental Regulations How to Request a Legal Review
Past Awards
2009 BEA List of Awardees 2009 BEA Overview of Awardees 2009 BEA Profiles of Awardees 2009 BEA Award Booklet
Program Materials Archive