Formula Grant CT26P02250126

The Housing Authority of the City of New London received a $223,511 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), effective April 1, 2026 through March 31, 2030. This funding supports capital and management activities for the authority's public housing inventory, including modernization, infrastructure improvements, emergency repairs, energy efficiency upgrades, and development of public housing units serving low-income residents in New London, Connecticut.

The Capital Fund allocation is calculated using a formula based on the authority's public housing inventory characteristics, such as unit counts, building age, and construction costs, rather than through competitive application processes. Eligible activities must be specified in the authority's approved five-year action plan or approved by HUD for emergency work or work necessitated by non-presidentially declared natural disasters, as defined in 24 CFR Part 905. The authority is required to maintain accurate inventory data and submit annual certifications to HUD's Information Management System while complying with 2 CFR 200 Uniform Administrative Requirements and audit provisions.