Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: The schedule of expenditures of federal awards is prepared on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Corporation has elected to not use the 10% de minimis cost rate.
SUPPORTIVE HOUSING FOR THE ELDERLY (14.157) - The balance of the HUD Capital Advance under Section 202 of the Housing Act of 1959 at June 30, 2022 is $5,601,900.