Formula Grant IA01P01450126

The Low Rent Housing Agency received a Public Housing Capital Fund (CFDA 14.872) formula grant award of $140,384.00 from the U.S. Department of Housing and Urban Development's Public and Indian Housing Office, effective April 1, 2026 through March 31, 2030. This award supports capital and management activities for public housing units serving low-income residents in Onawa, Iowa. The funding may be allocated toward eligible activities including public housing modernization, infrastructure improvements, emergency repairs, energy efficiency upgrades, physical structure enhancements, and management improvements, as specified in the agency's approved 5-Year Action Plan or as approved by HUD for emergency or disaster-related work.

The Public Housing Capital Fund operates as a formula-based allocation program that distributes annual grants to approximately 2,770 Public Housing Agencies nationwide managing nearly one million public housing units. Formula allocations are calculated based on each PHA's inventory characteristics, including unit counts, building age, and construction costs, rather than through competitive application processes. Fund recipients must maintain compliance with 2 CFR 200 Uniform Administrative Requirements and submit annual certifications to HUD's Information Management System confirming accurate public housing inventory data.