Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) presents the activity of all federal award programs of Hispanic Housing Development Corporation (the Corporation). The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
The accompanying Schedule is presented using the accrual basis of accounting, which is described in Note 2 to the consolidated financial statements of the Corporation.
The Corporation has not elected to use the de minimis indirect cost rate as allowed in the Uniform Guidance, Section 414.
Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the schedule of expenditures of federal awards. The balances of loans outstanding at December 31, 2025 consist of the following: Assistance Listing Cluster/Program Title Number Loan Balance HOME Investment Partnerships Program 14.239 $ 1 ,163,749 Community Development Block Grants/Entitlement Grants Cluster - NSP 3 14.218 4 ,887,022 ARRA Neighborhood Stabilization Program 2 14.256 2 68,015 $ 6 ,318,786