Notes to SEFA
Whalley Avenue Housing II, Inc. has received a U.S. Department of Housing and Urban Development Section 811 Capital Advance loan and a loan under the HOME investment Partnership Program. The loan balances outstanding at the beginning of the year are included in the federal expenditures presented in the schedule. Whalley Avenue Housing II, Inc. received no additional loans during the year. The balances of the loans outstanding at June 30, 2022, consists of: Program Name ALN # Section 811 Capital Advance 14.181 1,072,500 HOME Investment Partnership Programs 14.239 150,000