Formula Grant CA16P14350126

Federal Grant Award Summary

Imperial Valley Affordable Housing, Incorporated (doing business as Imperial Valley Housing) received a $2,025,745 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) effective April 1, 2026 through March 31, 2030. The award funds capital and management activities supporting the organization's public housing inventory serving low-income residents in the Imperial Valley region of California. Eligible activities include public housing modernization, development, infrastructure improvements, emergency repairs, energy efficiency upgrades, and financing costs for standard and mixed-finance developments.

As a Public Housing Agency (PHA), Imperial Valley Housing utilizes Capital Fund allocations calculated through HUD's established formula methodology based on inventory characteristics such as unit counts, building age, and construction costs, rather than through competitive application processes. The organization must maintain accurate inventory data in HUD's Information Management System and comply with 2 CFR 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Funds must be obligated and expended according to HUD timelines, with expenditure deadlines fixed and obligation deadlines potentially extendable upon request prior to expiration.