Notes to SEFA
NOTE C: U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT LOAN PROGRAM: SNHS Northwood Elderly Housing, Inc. has received a U.S. Department of Housing and Urban Development capital advance under Section 202 of the National Housing Act. The loan balance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. SNHS Northwood Elderly Housing, Inc. received no additional loans during the year. The balance of the loan outstanding at March 31, 2026 consists of: ALN 14.157 Section 202 Capital Advance $3,460,700