Opportunity Information: Apply for CDFI 2009 BEA
Apply for CDFI 2009 BEA
- The Community Development Financial Institutions in the community development sector is offering a public funding opportunity titled "BEA Program 2009" and is now available to receive applicants.
- Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 21.021 Bank Enterprise Award Program.
- This funding opportunity was created on Jan 23, 2009 and posted on Jan 23, 2009.
- Applicants must submit their applications by Mar 13, 2009. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
- The funding agency has allocated a total of $20,000,000.00 to eligible and selected applicants.
- Each selected applicant is eligible to receive up to $500,000.00 in funding.
- The number of recipients for this funding is limited to 60 candidate(s).
- Eligible applicants include: Others (see text field entitled Additional Information on Eligibility for clarification).
- FDIC Insured Depository Institutions (banks and thrifts).
[Watch] Creating a grant proposal using the step-by-step wizard inside the applicant portal:
Opportunity Summary:
The BEA Program 2009 (Funding Opportunity Number: CDFI 2009 BEA) is a discretionary federal grant program run by the Community Development Financial Institutions (CDFI) Fund to encourage banks and thrifts to do more community and economic development work in places that need it most. The basic idea is straightforward: if an insured depository institution increases its qualifying community development activities, the program rewards that increased effort with a monetary award. By paying for measured growth in activities like lending, investments, and services in economically distressed communities, the CDFI Fund uses relatively limited federal dollars to pull more private capital into neighborhoods and local economies that are often underserved.
A major focus of this opportunity is strengthening the relationship between traditional financial institutions and Community Development Financial Institutions (CDFIs). The program is designed to complement what banks and thrifts are already doing by offering a financial incentive to expand investments in CDFIs and to step up financing and service activity in distressed areas. In practice, this means the program is less about launching brand-new projects from scratch and more about motivating institutions to increase the scale, reach, or intensity of community development work they are already positioned to deliver. The program emphasizes leverage: the award money is meant to multiply impact by prompting institutions to put additional capital to work beyond the federal award itself.
For 2009, the CDFI Fund anticipated making about 60 awards, with an estimated total funding amount of $20,000,000. Individual award amounts range from a floor of $1,500 to a ceiling of $500,000, indicating that awards can support both smaller expansions and larger, more substantial increases in qualifying activity. The funding instrument is a grant, and there is no cost sharing or matching requirement listed, which lowers the barrier for eligible institutions to apply and compete based on performance and planned activity rather than the ability to provide match dollars.
Eligibility is limited to FDIC-insured depository institutions, specifically banks and thrifts. While the listing categorizes eligible applicants as "Others" with a note to see additional eligibility information, the eligibility statement clarifies that the intended applicants are FDIC-insured institutions. The program sits in the Community Development funding activity category and is associated with CFDA number 21.021 (Bank Enterprise Award Program), which is the federal catalog identifier for this assistance program.
Key dates for the 2009 cycle show the opportunity was posted and created on January 23, 2009, with an application deadline of March 13, 2009, and an archive date of March 14, 2009. That timeline indicates a relatively short application window, typical of competitive federal funding rounds where applicants are expected to be prepared to document qualifying activities and submit materials promptly.
Applicants looking for more detailed program guidance were directed to the BEA Program webpage on the CDFI Fund website. For technical issues accessing the full announcement, the contact points provided were the CDFI Fund IT Help Desk at (202) 622-2455, and for Grants.gov access problems, the Grants.gov support line at (800) 518-4726.
BEA Program 2009 (CDFI 2009 BEA) - Frequently Asked Questions
What is the BEA Program 2009?
The BEA Program 2009 (Funding Opportunity Number: CDFI 2009 BEA) is a discretionary federal grant program administered by the Community Development Financial Institutions (CDFI) Fund. It is designed to encourage banks and thrifts to increase community and economic development activities in economically distressed communities by rewarding measured increases in qualifying activity with a monetary award.
Who runs and funds this program?
The program is run by the Community Development Financial Institutions (CDFI) Fund, a federal entity. The award mechanism is a federal grant.
What is the main purpose of the BEA Program?
The primary purpose is to incentivize insured depository institutions to expand qualifying community development activities such as lending, investments, and services in economically distressed communities. The program aims to use limited federal dollars to leverage additional private capital into underserved neighborhoods and local economies.
How does the BEA Program approach community development differently than some other grants?
Based on the program description, the BEA Program is less focused on launching brand-new projects from scratch and more focused on motivating institutions to increase the scale, reach, or intensity of community development work they are already positioned to deliver. The award is tied to measured growth in qualifying activities.
What kinds of activities does the BEA Program reward?
The program rewards increased qualifying community development activities, including lending, investments, and services in economically distressed communities. It also places emphasis on expanded investments in Community Development Financial Institutions (CDFIs) and increased financing and service activity in distressed areas.
What is the program's emphasis regarding CDFIs?
A major focus is strengthening relationships between traditional financial institutions (banks and thrifts) and Community Development Financial Institutions (CDFIs). The program is designed to complement existing bank and thrift activity by offering a financial incentive to expand investments in CDFIs and to increase community development financing and services in distressed communities.
Who is eligible to apply?
Eligibility is limited to FDIC-insured depository institutions, specifically banks and thrifts. Although the listing categorizes eligible applicants as "Others" with a note to see additional eligibility information, the eligibility statement clarifies that the intended applicants are FDIC-insured institutions.
Is this opportunity open to organizations that are not FDIC-insured banks or thrifts?
Based on the eligibility statement provided, the intended applicants are FDIC-insured depository institutions (banks and thrifts). No other eligible applicant categories are described in the information provided.
What type of funding instrument is used?
The funding instrument is a grant.
Is there a cost share or matching requirement?
No cost sharing or matching requirement is listed for this opportunity, according to the information provided.
How many awards were expected to be made in 2009?
For 2009, the CDFI Fund anticipated making about 60 awards.
What was the estimated total funding amount for 2009?
The estimated total funding amount for the 2009 cycle was $20,000,000.
What is the minimum and maximum award amount?
Individual award amounts range from a minimum of $1,500 to a maximum of $500,000.
What does the award size range suggest about the program?
The stated range (from $1,500 to $500,000) indicates awards may support both smaller expansions and larger increases in qualifying community development activity, depending on the applicant and the measured growth in eligible activities.
What is meant by "leverage" in the program description?
The program emphasizes leverage by using award funds as an incentive intended to multiply impact. The idea described is that the award encourages institutions to put additional private capital to work beyond the federal award itself, increasing overall investment in distressed communities.
What is the Funding Opportunity Number for this announcement?
The Funding Opportunity Number is CDFI 2009 BEA.
What is the CFDA number associated with this program?
The program is associated with CFDA number 21.021, identified as the Bank Enterprise Award Program.
What is the funding activity/category associated with this opportunity?
The opportunity is categorized under Community Development.
When was the opportunity posted and created?
The opportunity was posted and created on January 23, 2009.
What was the application deadline for the 2009 cycle?
The application deadline was March 13, 2009.
When was the opportunity archived?
The archive date was March 14, 2009.
What does the timeline indicate about the application window?
The dates provided suggest a relatively short application window between posting (January 23, 2009) and the deadline (March 13, 2009), consistent with competitive federal funding rounds where applicants are expected to submit documentation and materials promptly.
Where could applicants find more detailed program guidance?
Applicants were directed to the BEA Program webpage on the CDFI Fund website for more detailed program guidance.
Who should be contacted for technical issues accessing the full announcement?
For technical issues accessing the full announcement, the contact provided was the CDFI Fund IT Help Desk at (202) 622-2455.
Who should be contacted for Grants.gov access problems?
For Grants.gov access problems, the contact provided was the Grants.gov support line at (800) 518-4726.
Browse more opportunities from the same category: Community Development
Next opportunity: Indian Education Professional Development Grants CFDA 84.299B
Previous opportunity: Native Hawaiian Education Program CFDA 84.362A
USGrants.org Applicant Portal:
Are you interested in learning about about how to apply for this government funding opportunity? You can create a free applicant account and receive instant access to our applicant portal that many business owners like you have benefited from.
Apply for CDFI 2009 BEA
[Watch] how do funding administrators access proposals?
Applicants also applied for:
Applicants who have applied for this opportunity (CDFI 2009 BEA) also looked into and applied for these:
| Funding Opportunity |
|---|
| Mainstreaming of Human, Social, and Civil Rights Project Apply for USAID RUSSIA DI 09 0001 RFA Funding Number: USAID RUSSIA DI 09 0001 RFA Agency: Russia USAID Moscow Category: Community Development Funding Amount: $6,000,000 |
| Revolving Fund Program Apply for RDUP RFP 0209 Funding Number: RDUP RFP 0209 Agency: Utilities Programs Category: Community Development Funding Amount: $496,000 |
| OVW Grants to Tribal Domestic Violence and Sexual Assault Coalitions Program Apply for OVW 2009 2124 Funding Number: OVW 2009 2124 Agency: Office on Violence Against Women Category: Community Development Funding Amount: $595,000 |
| Rural Development Rural Utilities Community Connect Grant Program Apply for RDRUS 09 01 CC Funding Number: RDRUS 09 01 CC Agency: Utilities Programs Category: Community Development Funding Amount: $1,000,000 |
| Household Water Well System Grant Program Apply for RDRUS 09 01 HWWS Funding Number: RDRUS 09 01 HWWS Agency: Utilities Programs Category: Community Development Funding Amount: $993,000 |
| Kasha Katuwe Tent Rocks National Monument Joint Management Pueblo de Cochiti Apply for BLM NM NOI 09 0849 Funding Number: BLM NM NOI 09 0849 Agency: Department of the Interior Category: Community Development Funding Amount: Case Dependent |
| SGBV program in North and South Kivu Apply for SOL 660 09 000002 Funding Number: SOL 660 09 000002 Agency: Kenya USAID Nairobi Category: Community Development Funding Amount: $7,000,000 |
| Children, Youth, and Families at Risk Research and Evaluation Apply for USDA CSREES SLBCD 002384 Funding Number: USDA CSREES SLBCD 002384 Agency: CSREES Category: Community Development Funding Amount: Case Dependent |
| CYFAR 4 H Military Partnership Program Apply for USDA CSREES SLBCD 002385 Funding Number: USDA CSREES SLBCD 002385 Agency: CSREES Category: Community Development Funding Amount: Case Dependent |
| New Mexico Public Lands Information and Education Project Apply for BLM NM NOI 09 1030 Funding Number: BLM NM NOI 09 1030 Agency: Department of the Interior Category: Community Development Funding Amount: $125,000 |
| New Mexico Rural Fire Assistance Hillsboro Fire Dept. Apply for BLM NM NOI 09 0942 Funding Number: BLM NM NOI 09 0942 Agency: Department of the Interior Category: Community Development Funding Amount: $13,025 |
| Rural Fire Assistance, Alaska Apply for BLM AK NOI09 0010 Funding Number: BLM AK NOI09 0010 Agency: Department of the Interior Category: Community Development Funding Amount: Case Dependent |
| Community Development Activity Fund Program (CDAF Program) Apply for 511 09 000001 Funding Number: 511 09 000001 Agency: Bolivia USAID La Paz Category: Community Development Funding Amount: $1,500,000 |
| Cemetery Apply for VA GRANTS 06302010 001 Funding Number: VA GRANTS 06302010 001 Agency: VA National Cemetery Administration Category: Community Development Funding Amount: $42,000,000 |
| National Park Service National Public Lands Day Apply for NPS NOI WASO 09 0004 Funding Number: NPS NOI WASO 09 0004 Agency: National Park Service Category: Community Development Funding Amount: $40,000 |
| Wildfire Risk Reduction for Rural Communities Apply for BLM NM NOI 09 1094 Funding Number: BLM NM NOI 09 1094 Agency: Department of the Interior Category: Community Development Funding Amount: $1,063,500 |
| BLM CA EL CENTRO UDG Apply for BLM CA NOI 09 5005 Funding Number: BLM CA NOI 09 5005 Agency: Department of the Interior Category: Community Development Funding Amount: Case Dependent |
| BLM CA CHALLENGE COST SHARE UDG Apply for BLM CA NOI 09 5006 Funding Number: BLM CA NOI 09 5006 Agency: Department of the Interior Category: Community Development Funding Amount: $500,000 |
| BLRI Anniversary Celebration Project Apply for AH5140090098 Funding Number: AH5140090098 Agency: National Park Service Category: Community Development Funding Amount: $304,000 |
| Community Livelihoods Project in Yemen Apply for PRE SOLICITATION NOTICE YEMEN Funding Number: PRE SOLICITATION NOTICE YEMEN Agency: Egypt USAID Cairo Category: Community Development Funding Amount: Case Dependent |
Grant application guides and resources
It is always free to apply for government grants. However the process may be very complex depending on the funding opportunity you are applying for. Let us help you!
Apply for Grants
Premium leads for funding administrators, grant writers, and loan issuers
Thousands of people visit our website for their funding needs every day. When a user creates a grant proposal and files for submission, we pass the information on to funding administrators, grant writers, and government loan issuers.
If you manage government grant programs, provide grant writing services, or issue personal or government loans, we can help you reach your audience.
Subscribe to Leads
Request more information:
Would you like to learn more about this funding opportunity, similar opportunities to "CDFI 2009 BEA", eligibility, application service, and/or application tips? Submit an inquiry below:
Don't forget to subscribe to our grant alerts mailing list to receive weekly alerts on new and updated grant funding opportunities like this one in your email.