Yesterday the CDFI Fund announced that applications are now open for the FY 2012 BEA funding round. The BEA program awards funding to Federal Deposit Insurance Corporation-insured banks and thrifts across the nation for increasing investments in CDFIs and community and economic development lending activities. Through the BEA Program, the CDFI Fund provides monetary awards for community investments, leveraging federal dollars and putting more capital to work in distressed communities throughout the nation. Applications are due Friday, July 27, 2012.
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