Notes to SEFA
The accompanying Schedule includes the federal award activity for Project No. 103-HD035-NPCMI of CenterPointe Housing Corporation I (Project) 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 (CFR) 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 the Project, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Project.
The federal expenditure amount of $882,100 represents an outstanding mortgage note with the U.S. Department of Housing and Urban Development. The note bears no interest and repayment is not required so long as the housing remains available to eligible persons in accordance with the program’s requirements.