Audit 15048

Title: Loan Balance Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of SBAWP Housing, Inc. HUD Project No. 033-HD095, under programs of the federal government for the year ended June 30, 2023. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of SBAWP Housing, Inc.. De Minimis Rate Used: N Rate Explanation: Only direct costs are charged to the federal program. Therefore, did not elact to use the 10% deminimis Capital Advance Section 811 $2,068,0000

Title: Loan Balnce Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of SBAWP Housing, Inc. HUD Project No. 033-HD095, under programs of the federal government for the year ended June 30, 2023. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of SBAWP Housing, Inc.. De Minimis Rate Used: N Rate Explanation: Only direct costs are charged to the federal program. Therefore, did not elact to use the 10% deminimis Home Investment Partnerships Program $350,000