Simpler Grants.gov #CDFI-2026-BEA

FY 2026 Bank Enterprise Award Program Application for FDIC-Insured Financial Institutions

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) is inviting FDIC-insured depository institutions to apply for the FY 2026 Bank Enterprise Award Program (BEA Program). - Purpose: Support and incentivize banks and thrifts to increase investments in Community Development Financial Institutions (CDFIs) and expand lending, investment, and service activities in economically distressed communities - Award Structure: - Monetary awards provided to eligible institutions based on increased qualified activities - Awards range from $10,000 to $600,000, with a total program funding of $40,000,000 - Eligibility: - Only FDIC-insured depository institutions (banks and thrifts) may apply - Program Goals: - Leverage federal funds to stimulate additional capital investment in underserved areas - Encourage partnerships with CDFIs and direct support for community development - No OEMs, vendors, or product/service procurement involved; this is a grant program for financial institutions, not a purchase of goods or services

Description

The Bank Enterprise Award Program (BEA Program) by the U.S. Department of the Treasury’s Community Development Financial Institutions Fund supports FDIC-insured financial institutions dedicated to community and economic development. The program provides monetary awards for increasing investments in Community Development Financial Institutions (CDFIs) and for increasing qualified lending, investment, and service activities within economically distressed communities. The program aims to leverage funds to put more capital to work in distressed communities nationwide. Eligible applicants must be FDIC-Insured Depository Institutions such as banks and thrifts.

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