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 Company has elected to not use the 10% de minimis cost rate.
Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects - (Assistance Listing No. 14.155) - The balance of the mortgage loan under Section 207/223(f) pursuant to 223(a)(7) of the National Housing Act as of June 30, 2024 is $3,781,774.