Notes to SEFA
AMOUNTS PASSED THROUGH TO SUBRECIPIENTS Dogwood Plaza did not provide any federal awards to subrecipients during the fiscal year ended December 31, 2025.
Dogwood Plaza has received a U.S. Department of Housing and Urban Development direct loan 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. Dogwood Plaza received no additional loans during the year. The balance of the loan outstanding at December 31, 2025 consists of $544,106.