Federal Register #CDFI 2026BEA

FY 2026 Bank Enterprise Award Program Grants for FDIC-Insured Banks and Thrifts

The Community Development Financial Institutions Fund (CDFI Fund), part of the U.S. Department of the Treasury, is announcing the FY 2026 Bank Enterprise Award (BEA) Program funding round. - Government Buyer: - U.S. Department of the Treasury, Community Development Financial Institutions Fund (CDFI Fund) - Program Overview: - Formula-based grants totaling $40 million available - Targeted at FDIC-insured banks and thrifts - Awards for increased lending, investment, and service activities in economically distressed communities - Support for Certified CDFIs through equity investments, loans, deposits, and technical assistance - Award Details: - Individual awards range from $10,000 to $600,000 - Average award expected to be $220,000 - Approximately 180 awards anticipated - Eligibility and Requirements: - Applicants must be FDIC-insured banks or thrifts as of the program baseline date - Activities must target low- and moderate-income residents or support Certified CDFIs - Compliance with federal reporting, civil rights, anti-fraud, and whistleblower protections required - Special commitments may be required for Persistent Poverty Counties - No specific OEMs, products, or commercial vendors are involved, as this is a grant program for financial institutions, not a procurement of goods or services.

Description

The CDFI Fund is offering formula-based grants to FDIC-insured banks or thrifts that have increased their loans, investments, and service activities in economically distressed communities or increased financial and technical assistance to Certified CDFIs. The program aims to promote economic revitalization and community development. The total estimated funding for the FY 2026 round is $40,000,000, with awards ranging from $10,000 to $600,000. Approximately 180 awards are anticipated, with an average award amount of $220,000.

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