Notes to SEFA
Outstanding loan balances with continuing compliance requirements, including those received and expended in prior years are the following: CDBG Loans: 1) City of Tacoma CDBG loan for the Arlington Crisis Residential Center in the amount of $1,300,000 with a loan term from 2018 - 2048. The loan balance as of 12/31/24 is $1,126,667. 2) Pierce County CDBG loan for the Arlington Crisis Residential Center in the amount of $435,945 with a loan term from 2019 - 2049. The loan balance as of 12/31/24 is $435,933. ARRA TCAP Loan: 1) Washington State Housing Finance Commission Tax Credit Assistance Program (TCAP) loan for the Salishan Seven property in the amount of $11,880,335 with a loan term from 2010 - 2050. The balance as of 12/31/24 is $11,880,335.
Expenditures for this program were funded by ARRA.