Formula Grant CO01P07150126

The City of Fountain Housing Authority received a $117,455 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 (CFDA 14.872) program, effective April 1, 2026 through March 31, 2030. This funding supports capital and management activities for public housing modernization, development, and infrastructure improvements serving low-income residents in Fountain, Colorado. Eligible uses of these funds include infrastructure upgrades, emergency repairs, energy efficiency improvements, and financing activities such as debt service payments for the Authority's public housing inventory.

The Public Housing Capital Fund operates as a formula-based allocation program wherein HUD calculates annual awards based on characteristics of each Public Housing Agency's inventory, including unit counts, building age, and construction costs. The City of Fountain Housing Authority must utilize these funds exclusively for activities specified in an approved 5-Year Action Plan or for emergency work and repairs related to non-presidentially declared natural disasters, in accordance with 24 CFR Part 905. All capital funds must be obligated by March 31, 2030, with compliance required under 2 CFR 200 Uniform Administrative Requirements, and the Authority must maintain accurate inventory data and supporting documentation for HUD review and independent audits.