Notes to SEFA
The Authority has been approved by HUD (24 CFR Section 1000.58) to invest Indian Housing Block Grants (“IHBG”) funds for the purposes of carrying out IHBG activities. These funds are held in accounts separate from the Authority’s other funds and interest accumulated during the year is reflected in the accompanying financial statements as investment income. For the year ended December 31, 2025, $148,659 of interest was recognized on invested IHBG funds.
The Authority did not have any subrecipient agreements during the year.