Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Mercy Housing Corporation under programs of the federal government for the year ended December 31, 2025. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Mercy Housing Corporation, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Mercy Housing Corporation.
Assistance listing number 14.155 has a balance of $1,788,221 at December 31, 2025 from a Section 223(f) Refinance of a Section 202 Direct Loan.
No amounts were provided to subrecipients.