Notes to SEFA
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of East Salem Homes, Inc., 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 Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of East Salem Homes, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of East Salem Homes, Inc.
East Salem Homes, Inc. had the following loan balance, related to federal awards, outstanding as of June 30, 2025: Program Title - Mortgage Insurance for the Purchase or Refinance of Existing Multifamily Housing Projects (Section 207/223(f)); Assistance Listing Number - 14.155; Amount Outstanding - $2,602,222.