Timeline Now Available for Bank Enterprise Award Program Materials

September 10, 2008

Washington, DC - Through the Bank Enterprise Award (BEA) Program, the Community Development Financial Institutions Fund encourages Insured Depository Institutions to increase their levels of loans, investments, services and technical assistance within Distressed Communities, and financial assistance to Community Development Financial Institutions (CDFIs) through grants, loans, deposits and other forms of assistance. BEA Program awards are based on a percentage of the increase in the amount of Qualified Activities from a Baseline Period to a later Assessment Period (the corresponding time the following year). Specific Qualified Activities are defined in the Interim Rule (12 CFR 1806.103).

In FY 2009, the CDFI Fund will make several program documents available to the public.

Document	Release Date
2009 BEA Application Materials – For 60 day Public Comment Only	September 2, 2008
2009 BEA Interim Final Rule	November 2008
2009 Notice of Funds Availability	November 2008
2009 BEA Application Materials	December 2008

Note: Actual funding for this program is contingent upon available resources. Publication of these materials does not require the CDFI Fund of the Department of the Treasury to make any award or obligate any available funds. All dates and instructions are subject to change.

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