Bank Enterprise Award Program

To encourage insured depository institutions to increase their level of community development activities in the form of loans, investments, services and technical assistance within distressed communities and to provide assistance to Community Development Financial Institutions through grants, equity
investments, loans, deposits and other forms of financial and technical assistance.

The program rewards participating insured depository institutions for increasing their activities in economically distressed communities and investing in community development financial institutions.
Related Programs

Examples of Funded Projects

The Bank Enterprise Award recipients issued more than $58 million in new loans to finance multi-family housing in distressed communities around the nation.

In addition, recipients made available nearly $83 million for new loans, investments, financial services and technical assistance in economically distressed communities.