Notes to SEFA
NOTE C: U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT LOAN PROGRAM: Senior Citizens Housing Development Corporation of Sullivan County, Inc. has received a U.S. Department of Housing and Urban Development capital advance 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. Senior Citizens Housing Development Corporation of Sullivan County, Inc. received no additional loans during the year. The balance of the loan outstanding at December 31, 2025 consists of: ALN 14.157 Section 202 Capital Advance $1,500,000