Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: The significant accounting policies used in the preparation of this schedule are
the same as those used in the preparation of the basis financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS (14.155) - Balances outstanding at the end of the audit period were 2,783,451.