Notes to SEFA
For the year ended June 30, 2025, there were no awards passed through to subrecipients.
Under the U.S. Department of Housing and Urban Development Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects (the Note), Tacoma Teachers’ Home Association received Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects Mortgage. The Note is secured by a deed of trust and provides for monthly payments of $12,101, including principal and interest at 2.48 percent until May 1, 2048. At June 30, 2025, $2,536,559 is outstanding.