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 (Assistance Listing No. 14.157) Balance of HUD Capital Grant as of July 1, 2022, under
Section 202 of the Housing Act of 1959 - The balance of the HUD Capital Grant as of June 30, 2023 is $1,285,700.