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 Persons with Disabilities (Assistance Listing No. 14.181) - Balance of capital advance as of October 1, 2023, under
Section 811 of the National Affordable Housing Act of 1990 The balance of the HUD Section 811 capital advance at September 30, 2024 is
$1,582,400.