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 capital advance as of July 1, 2023, under Section 202 of the National Housing Act. The balance of the capital advance at June 30, 2024 is $1,890,400.