Notes to SEFA
Hearthstone Homes of Wolfeboro, Inc. has received direct loans from the U.S. Department of Agriculture-Rural Development. The loan balances outstanding at the beginning of the year are included in the federal expenditures presented on the Schedule. Hearthstone Homes of Wolfeboro, Inc. received no additional loans during the year. The balances of the notes payable outstanding at December 31, 2025 consist of: Outstanding Balance at ALN Program Name December 31, 2025 10.415 Rural Rental Housing Loans $ 844 10.415 Rural Rental Housing Loans 799,184 10.415 Rural Rental Housing Loans 732,006 10.415 Rural Rental Housing Loans 36,603 Total Rural Rental Housing Loans $ 1,568,637 10.447 The Rural Development Multi-Family Housing Revitalization Demonstration Program Loan $ 575,000