Formula Grant FL29P04050126

The Housing Authority of the City of Eustis received a formula grant award of $182,503 from the U.S. Department of Housing and Urban Development (HUD), Public and Indian Housing Office, under the Public Housing Capital Fund program (CFDA 14.872). The award, effective April 1, 2026, through March 31, 2030, supports critical capital and management activities for public housing operations in Eustis, Florida. Formula grant allocations under this program are calculated annually based on characteristics of each Public Housing Agency's (PHA) inventory, including unit counts, building age, and construction costs, rather than through competitive application processes.

The funded activities encompass modernization, development, infrastructure improvements, emergency repairs, energy efficiency upgrades, and management enhancements to ensure federal housing standards are met. The Capital Fund may also support financing activities, including debt service payments and customary financing costs for standard and mixed-finance developments serving low-income residents. All expenditures must align with eligible activities specified in the approved 5-Year Action Plan or be approved by HUD for emergency work or repairs necessitated by non-presidentially declared natural disasters, as outlined in 24 CFR Part 905.