Formula Grant CO01P04350126

The Center Housing Authority received a $108,077 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. This funding supports capital and management activities for public housing units serving low-income residents in Center, Colorado, including modernization, infrastructure improvements, emergency repairs, energy efficiency upgrades, and development of public housing inventory. The Capital Fund also permits use of resources for financing activities, including debt service payments and customary financing costs associated with standard and mixed-finance housing developments.

The Center Housing Authority utilizes these federal funds to maintain and improve the physical condition and operational standards of its public housing portfolio through eligible activities specified in its HUD-approved 5-year action plan or through emergency work approvals. Permissible expenditures encompass structural improvements, preventative and routine maintenance, code compliance work, anti-crime and security initiatives, and administrative costs necessary for effective housing management. As a formula-based allocation program, the award amount reflects the characteristics of the Center Housing Authority's public housing inventory, including unit counts, building age, and construction costs, rather than through a competitive application process.