Formula Grant CO01P02250126

The Housing Authority of the City of Wray, Colorado received a $139,374 Formula Grant award from the U.S. Department of Housing and Urban Development (HUD), Public and Indian Housing Office, under the Public Housing Capital Fund program (CFDA 14.872), effective April 1, 2026, through March 31, 2030. This funding supports capital and management activities for public housing, including modernization, development, infrastructure improvements, and emergency repairs to public housing units managed by the authority. The capital funds may be applied to eligible activities specified in the authority's approved 5-Year Action Plan or for emergency work, with expenditures limited to those defined in 24 CFR 905.200.

As a formula-based allocation program, the Public Housing Capital Fund distributes funding to approximately 2,770 Public Housing Agencies (PHAs) nationwide managing nearly one million public housing units across all states and territories. The Housing Authority of the City of Wray, operating as Wray-Ven Manor, administers these federal funds directly to ensure safe, decent, and sanitary housing for low-income residents in the Wray area. Award amounts are calculated annually by HUD using established formulas based on PHA 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.