Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards ("Schedule") includes the federal award activity of New Haven Jewish Community Council Housing Corporation, HUD Project No.: 017-11198, 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 New Haven Jewish Community Council Housing Corporation, it is not intended to and does not present the financial position, changes in net assets, or cash flows of New Haven Jewish Community Council Housing Corporation. For the year ended June 30, 2025, no awards were passed-through to subrecipients.
In accordance with the Uniform Guidance, the notes to the Schedule shall include loans and loan activities. The following is a summary of loan program activity for the year ended June 30, 2025: Department of Housing and Urban Development Mortgage Insurance Rental Housing (AL #14.134) Issue date 8/30/17 Interest rate 3.52% Original amount $ 12,900,600 Balance beginning $ 11,474,335 Issued Retired $ - $ 241,575 Balance ending $ 11,232,760