Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of HANDS Center City Apartments, Inc., HUD Project #033-11052, under programs of the federal government for the year ended September 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 Award s (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of HANDS Center City Apartments, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of HANDS Center City Apartments, Inc.
(3) Balances of loans and loan guarantee programs outstanding at the end of the audit period for loans under 2 CFR Section 200.502(b) are as follows: - HUD Section 207 - Mortgage Insurance - Rental Housing - Loan Program $ 800,255 - HOME Investment Partnership Program Loan $ 642,774