Formula Grant GA01P23250126

The Housing Authority of the City of College Park received a $923,060 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 funding supports capital and management activities for public housing serving low-income residents, including modernization of existing units, infrastructure improvements, emergency repairs, energy efficiency upgrades, and development of additional public housing inventory. The award may also be allocated toward financing activities, such as debt service payments and customary financing costs associated with standard and mixed-finance developments.

As a formula-based allocation rather than a competitive grant, the award amount was calculated using HUD's established formula reflecting the Housing Authority's public housing inventory characteristics, including unit counts, building age, and construction costs. Eligible uses of the capital funds are limited to activities specified in the Housing Authority's approved five-year action plan or emergency work approved by HUD. The Housing Authority must maintain accurate inventory records in HUD's Information Management System and comply with federal audit requirements under 2 CFR 200, while HUD retains review authority over budgets and cumulative cost records throughout the performance period.