Bank Enterprise Award (BEA) Program
Funds deposit-insured banks and credit unions that increase lending support in distressed areas.
About
The Bank Enterprise Award Program provides monetary awards to FDIC-insured depository institutions (banks and thrifts) that demonstrate a year-over-year increase in qualified lending, investment, and service activities targeting CDFIs or BEA Distressed Communities (defined as areas with ≥30% poverty rate and unemployment ≥1.5x the national average). Award size scales with the measured increase in …
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No upcoming rounds verified. Cadence: Annual.