Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: The schedule of expenditures of federal awards is prepared on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Corporation has elected to not use the 10% de minimis cost rate.
Supportive Housing for the Elderly - Balance of capital advance as of July 1, 2022, under Section 202 of the National Housing Act - The balance of the capital advance at June 30, 2023 is $1,890,400.