Formula Grant IL01P01050126

The Greater Metro Area Housing Authority received a $1,026,880 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 program (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 in the East Moline, Illinois area, including modernization, infrastructure improvements, emergency repairs, energy efficiency upgrades, and development of public housing units. The Capital Fund also enables financing activities such as debt service payments and customary financing costs associated with public housing developments.

The Public Housing Capital Fund operates as a formula-based allocation program wherein award amounts are calculated by HUD based on established formulas reflecting each Public Housing Agency's inventory characteristics, such as unit counts, building age, and construction costs. Eligible activities must be specified in an approved five-year action plan or approved by HUD for emergency work or work needed due to non-presidentially declared natural disasters, as detailed in 24 CFR 905.200. The award recipient must comply with 2 CFR 200 Uniform Administrative Requirements, maintain accurate inventory records in HUD's Information Management System, and be subject to audit in conjunction with regular PHA operations.