Federal Formula Grant Award Summary

The Springfield Housing Authority received a $2.44 million formula grant award from the U.S. Department of Housing and Urban Development's (HUD) Public and Indian Housing Office under the Public Housing Capital Fund (CFDA 14.872), effective April 1, 2026, through March 31, 2030. This grant provides financial assistance to support capital and management activities for the Authority's public housing portfolio, including modernization, infrastructure improvements, development of additional housing units, emergency repairs, and energy efficiency upgrades. The funds may also support financing activities such as debt service payments and customary financing costs for standard and mixed-finance developments.

As a formula-based allocation program, the Capital Fund award is calculated using established metrics reflecting the Authority's public housing inventory characteristics, including unit counts, building age, and construction costs. Eligible activities must be specified in an approved 5-year action plan or approved by HUD for emergency work or work necessitated by non-presidentially declared natural disasters, consistent with 24 CFR Part 905. The Springfield Housing Authority, a local government entity serving low-income families, elderly individuals, and persons with disabilities, must comply with 2 CFR 200 Uniform Administrative Requirements and maintain accurate inventory data throughout the performance period.