Notes to SEFA
Lebanese Community Housing for the Elderly, Inc.'s mortgage loan is being provided co-insurance by the U.S. Department of Housing and Urban Development under Section 542(c) of the Housing and Community Development Act of 1992. The portion of the loan balance outstanding at the beginning of the year that is insured under 542(c) is equal to 50% and is included in the federal expenditures presented in the Schedule. Lebanese Community Housing for the Elderly, Inc. received no additional loans during the year. The balance of the loan outstanding at December 31, 2024 is $2,354,065. The balance of the loan outstanding at December 31, 2024 that is insured under Section 542(c) consists of: Assistance Listing Number: 14.188 Program Name: Housing Finance Agencies (HFA) Risk Sharing Outstanding Balance at Decemebr 31, 2024: $1,177,033.