Federal Grant Award Summary

The U.S. Department of Housing and Urban Development (HUD), through its Public and Indian Housing Office, awarded the Housing Authority of the City of San Buenaventura $849,842.00 under the Public Housing Capital Fund (CFDA 14.872) formula grant program. The award, effective April 1, 2026, with an ultimate completion date of March 31, 2030, provides capital funding for modernization, development, infrastructure improvements, and management activities across the Housing Authority's public housing portfolio serving low-income residents in Ventura, California.

Capital Fund allocations support eligible activities including public housing modernization, physical improvements, emergency repairs, energy efficiency upgrades, and development or acquisition of additional housing units. The Housing Authority may also utilize these funds for financing activities, including debt service and customary financing costs for standard and mixed-finance developments. All expenditures must comply with 24 CFR Part 905 and align with the Housing Authority's HUD-approved 5-year action plan or qualify as emergency work or disaster recovery activities. As a formula-based allocation program, this award was calculated using established formulas reflecting the Housing Authority's public housing inventory characteristics rather than through a competitive application process.