Bank Enterprise Award Program

Bank Enterprise Award Program Benefits

The BEA Program awards FDIC-insured depository institutions for increasing their investments and support of CDFIs and advancing their community development financing and service activities in the most economically distressed communities.  Over the past three years, BEA Program awardees have increased:

  • Their investments in certified CDFIs by $102.9 million;
  • Their loans and investments in distressed communities by nearly $1.4 billion;
  • The provision of financial services in distressed communities by $50.2 million

Download Bank Enterprise Award Program Fact Sheet (English) ›
Download Bank Enterprise Award Program Fact Sheet Fact Sheet (Español) ›

Opening Date
April 2, 2020


Announcement Date
September 15, 2020




Investment in economically distressed communities is critical to the revitalization of those areas. Through the Bank Enterprise Award Program (BEA Program), the CDFI Fund provides monetary awards to FDIC-insured depository institutions (i.e., banks and thrifts) that successfully demonstrate an increase in their investments in CDFIs or in their own lending, investing, or service activities in the most distressed communities. BEA Distressed Communities are defined as those where at least 30 percent of residents have incomes that are less than the national poverty level and where the unemployment rate is at least 1.5 times the national unemployment rate.

Award amounts align with an applicant’s increase in Qualified Activities from one annual period to another—the greater the increase, the larger the overall award. Awards are prioritized based on the Qualified Activity type, the CDFI Certification status of the applicant, and the asset size of the applicant. BEA Program awards must be invested in future Eligible Activities. Leveraging BEA Program awards increases the flow of capital to the most distressed communities and creates sound and scalable economic ripple effects.

By multiplying the impact of federal investments with private dollars, the BEA Program increases investments in CDFIs, accelerates the growth of businesses, generates jobs, increases the availability and affordability of housing, improves access to financial products and services, and creates real change in the most distressed communities nationwide.

For more information, please see our Bank Enterprise Award Program Fact Sheet (English / Español).


FDIC-insured depository institutions are eligible to apply for a BEA Program award. There are three categories of Qualified Activities, which are listed below:

CDFI Related Activities: Provide equity investments, grants, equity-like loans, loans, deposits, and/or technical assistance to CDFIs. A list of certified CDFIs is available on the CDFI Certification webpage.

Distressed Community Financing Activities: Provide direct lending or investment in the form of affordable home mortgages, affordable housing development loans or investments, home improvement loans, education loans, small business loans or investments, small dollar consumer loans, commercial real estate development loans or investments to residents or businesses located in distressed communities.

Service Activities: Provide access to financial products and services, such as checking accounts, savings accounts, check cashing, financial counseling, new banking branches, or individual development accounts to residents of distressed communities.

For more detailed information, please refer to the Notice of Funds Availability (NOFA)

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Apply BEA Steps/DispForm.aspx?ID=1ApplyStep 11Timeline|Application Materials|Past Year's Application Materials /programs-training/Programs/bank_enterprise_award/Pages/apply-step.aspx#step1
Award Announcement BEA Steps/DispForm.aspx?ID=2Award AnnouncementStep 22Award Announcement/programs-training/Programs/bank_enterprise_award/Pages/award-announcement-step.aspx#step2
Closing and Disbursement BEA Steps/DispForm.aspx?ID=3Closing and DisbursementStep 33Closing and Disbursement /programs-training/Programs/bank_enterprise_award/Pages/closing-disbursement-step.aspx#step3
Compliance and Reporting BEA Steps/DispForm.aspx?ID=4Compliance and ReportingStep 44Compliance and Reporting​​/programs-training/Programs/bank_enterprise_award/Pages/compliance-step.aspx#step4



Awards Tools Resources/DispForm.aspx?ID=6AwardsLooking for more about Awards for this program? Find it on our Awards page<img alt="" height="283" src="/SiteCollectionImages/Stock%20Images/shutterstock_57862405.jpg" width="425" style="BORDER:0px solid;" />/awards/state-awards/Pages/default.aspx



Our Impact Tools Resources/DispForm.aspx?ID=7Our ImpactLearn more about the impact of the CDFI Fund on our Impact Blog<img alt="" src="/Style%20Library/cdfi/pic-highlight1.jpg" style="BORDER:0px solid;" />/impact/Pages/default.aspx

CDFI Fund Tools & Resources



Compliance and Performance Reporting Resources Tools Resources/DispForm.aspx?ID=1Compliance and Performance Reporting Resourcesicon-checkmarkHome;#0x0100178F0095A2AE7A4FBED67E33256F670E0400E5EE0B704BCEE64CA003554D82DE23E21/Pages/amisreporting.aspx
CIMS Mapping Tool Tools Resources/DispForm.aspx?ID=2CIMS Mapping Toolicon-mapHome;#0x0100178F0095A2AE7A4FBED67E33256F670E0400E5EE0B704BCEE64CA003554D82DE23E22/Pages/mapping-system.aspx
AMIS Tools Resources/DispForm.aspx?ID=3AMISicon-communityHome;#0x0100178F0095A2AE7A4FBED67E33256F670E0400E5EE0B704BCEE64CA003554D82DE23E23