Notes to SEFA
JFM No. 3 Corp. has received a U.S. Department of Housing and Urban Development direct loan under Section 811 of the National Housing Act. The loan balance outstanding at the beginning of the period is included in the federal expenditures presented in the Schedule. JFM No. 3 Corp. received no additional loans during the period. The balance of the loan outstanding at March 31, 2026 consists of: Assistance Listing No. - 14.181; Program Name - Section 811 Capital Advance; Outstanding Balance at March 31, 2026 - $1,654,400.