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.
Project Based Rental Assistance (PBRA) (Assistance Listing No. 14.195) - The balance of the mortgage loans at December 31, 2024 is $485,657 (Cherry Valley - $182,452; Westowne - $303,205).
$182,452; Westowne - $303,205).