Federal Formula Grant Award Summary

The Arcadia Housing Authority received a Public Housing Capital Fund (CFDA 14.872) formula grant award of $377,382 from the U.S. Department of Housing and Urban Development's Public and Indian Housing Office, with an award date of April 1, 2026 and completion deadline of March 31, 2030. This funding supports capital and management activities for public housing operations in Arcadia, Florida, including modernization, infrastructure improvements, energy efficiency upgrades, and emergency repairs to public housing units serving low-income residents.

The Capital Fund grant may be utilized exclusively for eligible activities specified in the authority's approved five-year action plan or for HUD-approved emergency work and repairs necessitated by non-presidentially declared natural disasters. Primary activities funded through this award encompass public housing development, modernization, and financing activities, including construction, acquisition of additional units, and related financing costs such as debt service payments. As a formula-based allocation program, the award amount was calculated by HUD based on established formulas reflecting the authority's public housing inventory characteristics, including unit counts, building age, and construction costs, rather than through a competitive application process.