Notes to SEFA
Loans and Loan Programs - Included within the schedule of expenditures of federal awards, Preble Street and Subsidiary had two loans that were outstanding during the year ended June 30, 2025. We have considered this loan issuance in determining programs to be tested under the Uniform Guidance.
Outstanding loans
(Federal loans made to the Organization from a federal agency)
Emergency Solutions Grant Program – 14.231
Deferred forgivable ESB CV note, in the amount of $1,578,767. Entered into March 2022; forgivable in 30 years. $ 1,578,767 Deferred forgivable HOME note, in the amount of up to $500,000. Entered into March 2022; forgivable in 30 years. $ 490,078
Total outstanding loan programs $ 2,068,845