Formula Grant FL29P01850124

The Panama City Housing Authority received a $1,419,218 formula grant award from the U.S. Department of Housing and Urban Development's (HUD) Public Housing Capital Fund (CFDA 14.872) program. This multi-year grant, with an expected completion date of May 2028, will enable the housing authority to carry out capital and management activities for public housing in the local community. The grant funds will primarily support the development, modernization, and financing of nearly 1 million public housing units across the United States. Specific activities to be performed include construction, acquisition, rehabilitation, and related planning, design, and equipment costs to maintain and improve the public housing properties. The expected outcomes of this award are to ensure the public housing units are updated to be decent, safe, and sanitary, while also potentially allowing for management improvements and operating activities such as safety and security enhancements. The intended beneficiaries are the low-income residents of the public housing units served by the Panama City Housing Authority.