Formula Grant IA01P01950126

The Shenandoah Low Rent Housing Agency received a Public Housing Capital Fund (CFDA 14.872) formula grant award of $167,070 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 funding supports capital and management activities at the agency's Forest Park Manor public housing development in Shenandoah, Iowa, including modernization, infrastructure improvements, energy efficiency upgrades, emergency repairs, and facility development necessary to maintain and enhance the agency's public housing inventory serving low-income residents.

As a formula-based allocation program, the Capital Fund award was calculated by HUD using established metrics reflecting the agency's public housing inventory characteristics, including unit counts and building age, rather than through a competitive application process. The funds must be expended exclusively for eligible capital activities as defined in 24 CFR Part 905, either through projects specified in the agency's approved 5-Year Action Plan or as emergency work approved by HUD. The agency is required to maintain compliance with 2 CFR 200 Uniform Administrative Requirements and to track expenditures against its cumulative cost records for HUD review and audit purposes.