Notes to SEFA
Grace Congregate Housing Corporation has received U.S. Department of Housing and Urban Development Section 202 Capital Advance and HOME Investment Partnership loans. The advances outstanding at the beginning of the year are included in the federal expenditures presented in the schedule. Grace Congregate Housing Corporation received no additional loans during the year. The balance outstanding at December 31, 2024, consists of: Program Name ALN # Section 202 Capital Advance 14.157 $ 3,567,999 HOME Investment Partnerships Program 14.239 $ 1,061,804