Summary: Public Housing Capital Fund Award

The Housing Authority of the City of Fort Pierce, Florida received a $2,699,874 formula grant award dated April 1, 2026, 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) program. The award, which extends through March 31, 2030, provides capital funding to support modernization, infrastructure improvements, and development activities for the Housing Authority's public housing portfolio serving approximately 1,000 units in Fort Pierce, Florida. Eligible uses of the capital funds include physical improvements to existing units, acquisition and development of additional public housing units, energy efficiency upgrades, emergency repairs, and associated management improvements as specified in 24 CFR Part 905.

The Public Housing Capital Fund operates as a formula-based allocation program that annually distributes capital resources to approximately 2,770 Public Housing Agencies (PHAs) nationwide managing nearly one million public housing units across all 50 states and territories. Award amounts are calculated using established formulas reflecting each PHA's inventory characteristics—such as unit counts, building age, and construction costs—rather than through competitive application processes. The Housing Authority must comply with 2 CFR 200 (Uniform Administrative Requirements) and maintain accurate inventory data in HUD's Information Management System. All obligated funds must be committed by the expenditure deadline, with the ultimate completion date for the performance period set for March 31, 2030.