Notes to SEFA
During the year ended March 31, 2025, the Authority had no sub-recipients.
The Authority did not receive any noncash federal assistance for the year ended March 31, 2025.
In accordance with the Uniform Guidance, the notes to the Schedule of Expenditures of Federal Awards shall include loan and loan activities of federal programs. During the year ended March 31, 2025, the Authority obtained $15,114,784 in CDBG loans from Harris County, Texas. There were no repayments made during the fiscal year. The March 31, 2025 ending balance of outstanding CDBG loans was $82,947,495.