Audit 357119

Title: Basis of Presentation Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards are reported on the accrual basis of accounting. Such expenses are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenses are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: Community Housing Partners Corporation and Subsidiaries and Affiliates has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards includes the federal grant activity of Community Housing Partners Corporation and Subsidiaries and Affiliates, and is presented on the accrual basis of accounting for the year ended December 31, 2024. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented or used in the preparation of the basic financial statements. Community Housing Partners Corporation and Subsidiaries and Affiliates has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. The amount reported for loans was the beginning of the year balances. The balances at the end of the year were the same except as follows by program: Rural Rental Housing Loans - $1,574,980; Insured Mortgage, Supportive Housing for Persons with Disabilities - $128,882.