Formula Grant CA01P01050126

The Richmond Housing Authority received a $1,532,044.00 formula grant award from the U.S. Department of Housing and Urban Development's Public and Indian Housing Office under the Public Housing Capital Fund (CFDA 14.872) program, effective April 1, 2026, through March 31, 2030. This funding supports capital and management activities for public housing in Richmond, California, including modernization, infrastructure improvements, emergency repairs, energy efficiency upgrades, and development of public housing units. The Capital Fund also enables financing activities such as debt service payments and customary financing costs for mixed-finance developments. These services are provided to support low-income residents, elderly individuals, and persons with disabilities throughout the Richmond area.

The Public Housing Capital Fund distributes annual formula-based allocations to approximately 2,770 Public Housing Agencies (PHAs) nationwide managing nearly one million public housing units across all 50 states and territories. Award amounts are calculated using established formulas reflecting each PHA's public housing inventory characteristics—such as unit counts, building age, and construction costs—rather than through competitive application processes. All recipients must comply with 2 CFR 200 Uniform Administrative Requirements and maintain accurate inventory data in HUD's Information Management System.