Notes to SEFA
The Community Development Financial Institutions Program includes loans with outstanding balances totaling $1,446,506 as of December 31, 2025.
The Capital Magnet Fund listed above is to be used as a revolving loan fund and is shown on theSchedule of Expenditures of Federal Awards until the five-year investment compliance period is completedfor each award received. The amount presented represents proceeds of the grant deployed or committed for qualifying loans as of December 31, 2025. The initial five year investment compliance period for the 2018 award in the amount of $2,750,000 listed above has surpassed, however, this award was extended until March 31, 2027, to accommodate project completion.