The Community Development Financial Institutions (CDFI) Bond Guarantee Program (Bond Program) was enacted through the Small Business Jobs Act of 2010 (Public Law 111-240) on September 27, 2010. The legislation directs the Treasury Department to guarantee the full amount of bonds issued to support CDFls that make investments for eligible community or economic development purposes. 2014 Bond In 2014, the CDFI Fund approved OFN to serve as a qualified issuer and issue a $100 million, 29.5-year bond on behalf of Clearinghouse CDFI, an eligible CDFI under the Bond Program. As a qualified issuer, OFN's primary duties are as a program administrator, monitoring Clearinghouse CDFls compliance with all Bond Program requirements. OFN and Clearinghouse CDFI have executed bond loan documents and Clearinghouse CDFI drew down the bond totaling $100 million during 2014 through 2016. During the year ended December 31, 2025, Clearinghouse CDFI made repayments totaling $2,799,606. As of December 31, 2025, the outstanding amount of the 2014 bond payable is $40,250,204. As of December 31, 2025, the amount of $43,049,810 is included in federal expenditures in the Schedule. The amount represents the outstanding bonds payable balance at December 31, 2024. There were no draws in 2025. 2015 Bonds In 2015, the CDFI Fund approved OFN to issue eight additional 29.5-year bonds on behalf of eligible CDFls under the Bond Program totaling $227 million. OFN issued a second $100 million bond on behalf of Clearinghouse CDFI and $127 million on behalf of the following seven CDFls: Community Ventures Corporation, Community Loan Fund of New Jersey, Inc., Citizen Potawatomi Community Development Corporation, Bridgeway Capital, Inc., Federation of Appalachian Housing Enterprises, Inc., Kentucky Highlands Investment Corporation and The Chicago Community Loan Fund. OFN and the eligible CDFls executed bond loan documents, and the eligible CDFls drew down upon the bonds during 2016 through 2025. The table below represents bond activities during the year ended December 31, 2025: As of December 31, 2025, the amount of $163,386,682 is included in federal expenditures in the Schedule. The amount represents the outstanding bonds payable balance at December 31, 2024. There were no draws in 2025. 2017 Bond In 2017, the CDFI Fund approved OFN to serve as a qualified issuer and issue a $145 million, 29.5-year bond on behalf of eight eligible CDFls under the Bond Program: Building Hope. A Charter School Facilities Fund, Coastal Enterprises, Inc., Community First Fund, Florida Community Loan Fund, Inc., Greater Minnesota Housing Fund, Homewise, Inc., Housing Trust Silicon Valley and Impact Seven. During 2019, Coastal Enterprises, Inc. withdrew from the Bond Program, leaving a total bond commitment of $125 million. The table below represents bond activities during the year ended December 31, 2025: As of December 31, 2025, the amount of $71,211,671 is included in federal expenditures in the Schedule. The amount represents the outstanding bonds payable balance at December 31, 2024. There were no draws in 2025. 2019 Bond In 2019, the CDFI Fund approved OFN to serve as a qualified issuer and issue a $100 million, 29.5-year bond on behalf of three eligible CDFls under the Bond Program: Community Loan Fund of New Jersey, Federation of Appalachian Housing Enterprises Inc. and Greater Minnesota Housing Fund. The table below represents bond activities during the year ended December 31, 2025: As of December 31, 2025, the amount of $97,753,679 is included in federal expenditures in the Schedule. The amount represents the outstanding bonds payable balance at December 31, 2024. There were no draws in 2025. 2022 Bond In 2022, the CDFI Fund approved OFN to serve as a qualified issuer and issue a $130 million, 29.5-year bond on behalf of three eligible CDFls under the Bond Program: Charter School Development Corporation, Greater Minnesota Housing Fund and Community Ventures Corporation. As of December 31, 2025, the amount of $107,590,355 is included in federal expenditures in the Schedule. The amount represents the outstanding bonds payable balance at December 31, 2024, of $51,266,605 plus the 2025 draw down of $56,323,750. 2024 Bond In 2024, the CDFI Fund approved OFN to serve as a qualified issuer and issue a $173 million, 29.5-year bond on behalf of seven eligible CDFls under the Bond Program: Community First Fund, Greater Minnesota Housing Fund, Greater Minnesota Housing Fund, Community Loan Fund of New Jersey, Florida Community Loan Fund, Nonprofit Finance Fund and Homewise. As of December 31, 2025, the amount of $5,750,000 is included in federal expenditures in the Schedule. The amount represents the outstanding bonds payable balance at December 31, 2024, of $0 plus the 2025 draw down of $5,750,000.