Notes to SEFA
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Raleigh Inter-Church Housing Corporation, 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 Raleigh Inter-Church Housing Corporation, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Raleigh Inter-Church Housing Corporation.
Raleigh Inter-Church Housing Corporation had the following loan balance, related to federal awards, outstanding as of June 30, 2025: Program Title: Mortgage Insurance, Rental and Cooperative Housing for Moderate Income Families and Elderly, Market Interest Rate (Sections 221(d)(3) and (4) Multifamily - Market Rate Housing); Assistance Listing Number: 14.135; Amount Outstanding: $3,255,002.