Notes to SEFA
The Authority was approved by the Department of Commerce to receive a federal loan totaling up to $3,112,193 for construction of the Willapa Center, which is a mixed-use project containing 30 units of affordable housing, a childcare facility which will contain two classrooms and accessory spaces operated by the Raymond School District, and additional space for social service providers. During the year, draws of $185,399 were made on the loan. The December 31, 2024 balance outstanding on this loan was $3,112,193. The amounts shown as federal expenditures for the USDA Rural Housing Loan program under assistance listing 10.415 represent outstanding loan balances as of the beginning of the period. The loan balance outstanding at December 31, 2024 was $612,906.