Notes to SEFA
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of 145 South 3rd Street Housing Development Fund Corporation, HUD Project No. 012-EE310, under programs of the federal government for the year ended December 31, 2017. 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 145 South 3rd Street Housing Development Fund Corporation, it is not intended to and does not present the financial position, changes in net assets, or cash flows of 145 South 3rd Street Housing Development Fund Corporation.
145 South 3rd Street Housing Development Fund Corporation has received a U.S. Department of Housing and Urban Development direct loan under Section 202 of the National Housing Act. The loan balance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. 145 South 3rd Street Housing Development Fund Corporation received no additional loans during the year. The balance of the loan outstanding at December 31, 2022 consists of:14.157 Supportive Housing for the Elderly Outstanding Balance at December 31, 2022 is $9,978,400