Notes to SEFA
The Organization has received a U.S. Department of Housing and Urban Development direct loan under Section 202 of the National Housing Act. The loan balance outstanding at the beginning of the year is included in the Schedule of Expenditures of Federal Awards. The Project received no additional loans during the year. The balance of the loan outstanding was $5,106,7000 as of September 30, 2025. During the year ended September 30, 2025, the Organization received funds from a U.S. Department of Housing and Urban Development HOME Investment Partnership loan of $1,440,000.
The residential housing subsidiaries that are consolidated with Brother Redevelopment, Inc. received Section 8 Housing Assistance Payments during the fiscal year ending September 30, 2025 as follows: See the Notes to the SEFA for table.