Federal Grant Award Summary

The Sterling Housing Authority received a $393,075 Formula Grant 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), awarded April 1, 2026, with a completion date of March 31, 2030. This funding supports capital and management activities for public housing located in Sterling, Colorado, including modernization, infrastructure improvements, emergency repairs, energy efficiency upgrades, and development of public housing units. The Capital Fund formula allocates resources to Public Housing Agencies (PHAs) based on established formulas reflecting inventory characteristics such as unit counts, building age, and construction costs, rather than through competitive application processes.

The Sterling Housing Authority will utilize these funds to execute eligible capital activities as specified in its HUD-approved 5-Year Action Plan or for emergency work needs. Permissible expenditures include construction, acquisition of additional public housing units, financing activities such as debt service payments, and customary financing costs for standard and mixed-finance developments. The Authority must maintain compliance with 2 CFR 200 Uniform Administrative Requirements, accurately track budgets and cumulative costs for HUD review, and ensure all expenditures are completed by the March 31, 2030 deadline, though obligation deadlines may be extended upon timely request.