Bank Enterprise and TA Awards are out
See the CDFI Fund site for details of the $12 million granted today in Bank Enterprise Awards and Technical Assistance grants.
BEA pays cash awards to financial institutions that do business with Community Development Financial Institutions (CDFIs) or increase their direct service to disadvantaged communities. The program has been much watched in recent years, with OMB repeatedly recommending against it and community development advocates lobbying intensely to save it -- thus far with success, though its budget has been sharply reduced. The $9,896,217 awarded today is considerably less than in most past years.
Technical Assistance awards go to assist current or would-be CDFIs with capacity building. Today's grants totaled $2,052,420.
BEA pays cash awards to financial institutions that do business with Community Development Financial Institutions (CDFIs) or increase their direct service to disadvantaged communities. The program has been much watched in recent years, with OMB repeatedly recommending against it and community development advocates lobbying intensely to save it -- thus far with success, though its budget has been sharply reduced. The $9,896,217 awarded today is considerably less than in most past years.
Technical Assistance awards go to assist current or would-be CDFIs with capacity building. Today's grants totaled $2,052,420.
posted by Martha Bridegam at 11:55 AM
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