Treasury Announces FY 2016 Bank Enterprise Award Funding

The Treasury Department’s Community Development Financial Institutions Fund is today announcing $19 million in funding for the fiscal year 2016 Bank Enterprise Awards, which encourage banks to increase their investments and loans in disadvantaged communities. The BEA program is the only program to which CDFI banks have had regular access in recent years. The first deadline in the application process for BEA funds is April 5 and the final application deadline is April 19.

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Evan Sparks

Evan Sparks is editor-in-chief of the ABA Banking Journal and vice president for publications at the American Bankers Association.