Federal Grant Award Summary

The Lake Wales Housing Authority received a $490,634 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 program (CFDA 14.872), effective April 1, 2026 through March 31, 2030. This award supports capital and management activities for public housing modernization, development, infrastructure improvements, emergency repairs, and energy efficiency upgrades serving low-income residents in Lake Wales, Florida. The funding enables the Housing Authority to maintain and improve its existing public housing inventory through eligible activities specified in an approved 5-year action plan or HUD-approved emergency work.

The Public Housing Capital Fund is a non-competitive, formula-based allocation program that distributes annual funding to approximately 2,770 Public Housing Agencies (PHAs) nationwide managing nearly one million public housing units across all 50 states and territories. Grant awards are calculated using established formulas reflecting each PHA's inventory characteristics, including unit counts, building age, and construction costs. Allowable uses include modernization and development activities, management improvements, financing costs, and emergency repairs. All recipients must comply with 2 CFR 200 Uniform Administrative Requirements and maintain accurate inventory data in HUD's Information Management System.