Bank Enterprise Award Program

E2189

The Bank Enterprise Award Program is a federal initiative that provides financial incentives to banks to increase their investments and services in economically distressed communities.

AI illustration

How this image was made

AI-generated illustration of Bank Enterprise Award Program

This AI-generated illustration was produced by black-forest-labs/FLUX.2-dev (1024x1024) from a prompt written by openai/gpt-oss-120b from the entity's label + description.

Prompt

Generate an image of the Bank Enterprise Award Program (The Bank Enterprise Award Program is a federal initiative that provides financial incentives to banks to increase their investments and services in economically distressed communities.)

All labels observed (1)

Label Occurrences
Bank Enterprise Award Program canonical 2

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf community development program ⓘ
federal financial incentive program ⓘ
abbreviation BEA Program ⓘ
administeredBy Community Development Financial Institutions Fund ⓘ
U.S. Department of the Treasury ⓘ
awardBasis documented increases in qualified activities relative to a baseline period ⓘ
beneficiary Community Development Financial Institutions ⓘ
economically distressed communities ⓘ
low- and moderate-income communities ⓘ
country United States ⓘ
eligibleInstitutionType FDIC-insured depository institution ⓘ
federally insured bank ⓘ
evaluationCriterion increase in provision of financial services ⓘ
increase in qualified investments ⓘ
increase in qualified loans ⓘ
focusArea affordable housing finance ⓘ
community development ⓘ
provision of financial services in underserved areas ⓘ
small business lending in distressed communities ⓘ
fundingMechanism competitive application process ⓘ
fundingSource federal government of the United States ⓘ
impactArea economically distressed census tracts ⓘ
low-income communities ⓘ
implementsPolicy federal community development finance policy ⓘ
incentiveType cash awards ⓘ
monetary awards ⓘ
intendedOutcome expanded banking services in underserved markets ⓘ
increased access to capital in distressed communities ⓘ
legalFramework Community Development Banking and Financial Institutions Act of 1994 ⓘ
levelOfGovernment federal ⓘ
method awards based on increases in qualified activities ⓘ
monitoredBy Community Development Financial Institutions Fund ⓘ
policyDomain economic development ⓘ
financial inclusion ⓘ
policyGoal to leverage private sector investment for community development ⓘ
to promote economic revitalization in distressed communities ⓘ
purpose to encourage the expansion of financial services in underserved markets ⓘ
to provide financial incentives to banks to increase investments in economically distressed communities ⓘ
relatedTo Community Development Financial Institutions Program ⓘ
New Markets Tax Credit Program ⓘ
sector community development finance ⓘ
supportsActivity equity investments in community development projects ⓘ
financial services partnerships with Community Development Financial Institutions ⓘ
lending to residents of distressed communities ⓘ
provision of retail financial services in underserved areas ⓘ
targetEntity banks ⓘ
insured depository institutions ⓘ
typeOfIncentive performance-based award ⓘ

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Community Development Financial Institutions Fund → manages → Bank Enterprise Award Program ⓘ
BEA Program → fullName → Bank Enterprise Award Program ⓘ