Notes to SEFA
On April 7, 2009, Capital Health closed on a $755,875,000 mortgage insured under the provisions of the U.S. Department of Housing and Urban Development–Federal Housing Administration Section 242 mortgage insurance program. At December 31, 2025 and January 1, 2025, the outstanding balance of the loan totaled $487,744,420 and $520,587,685, respectively. The U.S. Department of Housing and Urban Development has determined that the mortgage insurance program is to be considered a federal award for purposes of compliance with the Uniform Guidance and is included in the total expenditures on the accompanying schedule of expenditures of federal awards.
During the year ended December 31, 2025, Capital Health processed $47,259 in new loans under the Federal Direct Student Loans program (Assistance Listing No. 84.268). Since this program is administered by outside financial institutions, new loans made during the year ended December 31, 2025 relating to this program are considered current period financial expenditures, whereas the outstanding loan balances are not. The new loans made during the year ended December 31, 2025 are reported in the accompanying schedule of expenditures of federal awards.