Formula Grant FL29P05250126

The Niceville Housing Authority received a $326,497 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 (CFDA 14.872), effective April 1, 2026, through March 31, 2030. This award supports capital and management activities for public housing units in Niceville, Florida, including modernization, infrastructure improvements, development, and emergency repairs. The funds may be applied to eligible activities specified in the authority's approved 5-year action plan or HUD-approved emergency work, consistent with 24 CFR Part 905 regulations.

The Public Housing Capital Fund operates on a formula-based allocation methodology rather than competitive application, distributing funds annually to approximately 2,770 Public Housing Agencies nationwide managing nearly one million units across all states and territories. As a formula grant recipient, Niceville Housing Authority must maintain accurate inventory data in HUD's Information Management System, comply with 2 CFR 200 Uniform Administrative Requirements, and submit annual certifications. The authority may utilize these capital funds for development activities that expand or reconfigure its public housing inventory, as well as financing activities including debt service payments for standard and mixed-finance developments serving low-income residents.