Bank Enterprise Award Program Probably Hasn't Had Significant Effect on CD Financing, GAO Says

摘要

The bank enterprise award (BEA) program has probably not had a significant effect on community development financing, according to the Government Accountability Office (GAO), though the impact of the program is difficult to determine. The program, which has been operated by the Treasury Department since 1994, provides cash awards to banks that increase their investments in community development financial institutions (CDFIs) and lending in economically distressed communities.