Summary of Federal Grant Award

The Palatka Housing Authority received a Formula Grant award of $1,619,162.00 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) program, effective April 1, 2026 through March 31, 2030. This funding supports capital and management activities for public housing modernization, infrastructure improvements, emergency repairs, and development activities serving low-income residents in Palatka, Florida. The Capital Fund formula allocation is based on characteristics of the agency's public housing inventory, including unit counts, building age, and construction costs.

Eligible uses of these capital funds include modernization and development of public housing units, infrastructure upgrades, financing activities such as debt service payments, and customary financing costs for standard and mixed-finance developments. Activities must comply with 24 CFR 905.200 and either be specified in an approved five-year action plan or approved by HUD for emergency work. The Palatka Housing Authority, serving vulnerable populations including elderly residents and families with children, directly administers these federal resources to meet safety and quality standards for its public housing portfolio. All expenditures are subject to 2 CFR 200 Uniform Administrative Requirements and regular HUD audit requirements.