Notes to SEFA
The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of Supported Housing Management Corporation HUD Project No. 071-EH522 under programs of the federal government for the year ended June 30, 2025. The information in this Schedule is presented in accordance with the requirements of 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
The mortgage note in the amount of $1,442,512 is payable to the U.S. Department of Housing and Urban Development in the event the building is not used as defined in the HUD regulatory agreement. More information is provided in the notes to the financial statements.
There were no amounts passed on to subrecipients.
The Project has no federal insurance coverage.
With respect to federal awards, there were no loan guarantees outstanding as of June 30, 2025. The outstanding loan balance as of June 30, 2025 was $1,442,512.