Federal Register #CDFI2026BEA

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

The U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) is offering grant funding through the FY 2026 Bank Enterprise Award (BEA) Program. - Government Buyer: - U.S. Department of the Treasury, Community Development Financial Institutions Fund (CDFI Fund) - OEMs and Vendors: - CDFI Fund (grantor; no commercial OEMs or vendors involved) - Products/Services Requested: - Formula-based financial assistance grants for FDIC-insured banks and thrifts - No physical products or commercial services are being procured - Key Details: - Total estimated funding: $40,000,000 - Individual awards range from $10,000 to $600,000 (average $220,000) - Approximately 180 awards anticipated - Eligible applicants: FDIC-insured banks or thrifts - Qualified activities: increased loans, investments, deposits, and community services in economically distressed communities, or increased support to Certified CDFIs - Compliance with federal civil rights, anti-fraud, whistleblower, and reporting requirements is mandatory - Notable Requirements: - Activities must target low- and moderate-income residents or Persistent Poverty Counties - Applicants must meet regulatory and compliance standards - One-year period of performance for award activities

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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