Notes to SEFA
The outstanding balance of the loan at September 30, 2025, was as follows: Federal Assistance Listing Number 14.155 Program Name: Mortgage Insurance for the Purchase or Refinance of Existing Multifamily Housing Projects, with an Outstanding Balance of $15,700,845.
The Entity received a U.S. Department of Housing and Urban Development loan modification under the terms of Section 223(f). The loan balance outstanding at the beginning of the year are included in the federal expenditures presented in the Schedule.