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) The balance of the HUD Section 202 capital advance at March 31, 2024 is $2,368,100.