Bank Enterprise Award Program

Step 3: Closing and Payment

The Award Agreement closing document for the BEA Program is below. Please direct any questions to the CDFI Fund's Help Desk at 202-653-0421 or cdfihelp@cdfi.treas.gov.

Subsequent Payment

The CDFI Fund makes payments on BEA Program awards as the award recipient disburses on the transactions on which the award is based (i.e., "Qualified Activities"). According to current BEA Program regulations and the award agreement, award recipients have 12 months from the end of the Assessment Period to disburse on Qualified Activities and an additional three months to submit subsequent payment requests to receive the outstanding balance of their awards. Undisbursed award balances not requested by the applicable deadline will be de-obligated.

The CDFI Fund strongly encourages award recipients to submit subsequent payment requests as soon as possible after they have fully disbursed on their Qualified Activities.

Subsequent Payment Requests must be submitted via the CDFI Fund's Awards Management Information System (AMIS), as outlined in Schedule 3 of the Award Agreement.

 

Questions?

Questions regarding the Bank Enterprise Awards Program may be directed to the CDFI Fund by e-mail to cdfihelp@cdfi.treas.gov; or by phone to (202) 653-0421. Please note this is not a toll free number.