Notes to SEFA
The Federal Loan Program listed below is administered by the City of Somerville through the Home Investment Partnership Program, and balances and transactions relating to this program are included in the Agency's basic financial statements. Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the Schedule. The balance of loan outstanding consists of the following as of June 30, 2025: ALN - 14.239; Program Name - Home Investment Partnership Program; Outstanding Balance - $200,000.