Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Project Linkage Housing Development Fund Corporation and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Project Linkage Housing Development Fund Corporation has received a U.S. Department of Housing and Urban Development Capital Advance under Section 202 of the National Housing Act. The Capital Advance balance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. Project Linkage Housing Development Fund Corporation received no additional Capital Advances during the year. The balance of the Capital Advance outstanding at December 31, 2025 consists of: Federal Assistance Listing Number - 14.157; Program Name - Supportive Housing for the Elderly; Outstanding Balance at December 31 2025 - $7009400