Formula Grant CO01P02150126

The Town of Julesburg Housing Authority received a $181,414 formula grant award from the U.S. Department of Housing and Urban Development's (HUD) Public and Indian Housing Office under the Public Housing Capital Fund program (CFDA 14.872). The award, effective April 1, 2026 through March 31, 2030, supports capital and management activities for the authority's public housing operations serving low-income residents in Julesburg, Colorado. Formula grant funds under this program are allocated based on characteristics of the Public Housing Agency's (PHA) inventory, such as unit counts, building age, and construction costs, rather than through competitive application processes.

The funding provides financial assistance for eligible capital activities including public housing modernization, infrastructure improvements, management enhancements, and development projects that add to or reconfigure public housing units within the authority's inventory. Capital funds may also support financing activities including debt service payments and customary financing costs for public housing developments. All expenditures must comply with 24 CFR Part 905 and align with the authority's approved 5-Year Action Plan or HUD-approved emergency work requirements. The Town of Julesburg Housing Authority maintains accurate public housing inventory data in HUD's Information Management System to ensure continued program eligibility and compliance with federal administrative requirements under 2 CFR 200.