Minors Trust Fund Early Distribution Application for Housing is now available. Distribution must be for home purchase or home construction.
Eligibility Requirements:
- Must be 18-24 years of age
- Must be primary residence of Trust beneficiary and in their name
- Must have land in the name of the Trust beneficiary or a minimum of a 10-year lease for a mobile home
- Must be able to demonstrate proof of income
All appropriate documents must be attached to the application.
The approved housing disbursement will be up to 98 percent of the home purchase price, including taxes, and cannot exceed 80 percent of the Trust beneficiary’s account. Approved housing disbursement will be issued quarterly.
To apply or for more information, contact Lavita Hill, EBCI Treasury Specialist, at lavihill@nc-cherokee.com or 359-7085. The first deadline is March 31 for a June payment.
– EBCI Office of Budget and Finance
