The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $625,000 Project Grant to Sequoyah Fund Inc., a tribally-owned, minority-owned non-profit organization in Cherokee, North Carolina. The grant, awarded on September 26, 2024, is intended to promote economic revitalization and community development by providing financial assistance to the CDFI. Sequoyah Fund Inc. will use the funds to offer financial products, financial services, development services, loan loss reserves, and capital reserves to support low-income and underserved communities, particularly the Eastern Band of Cherokee Indians and businesses in western North Carolina. The goal of the funding is to help Sequoyah Fund Inc. build its financial capacity to lend to eligible markets and target populations that lack adequate access to affordable financial services.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $625.0k | 9/26/24 |