Formula Grant IL01P10750126

The North Chicago Housing Authority received a $240,312 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 essential to maintaining and improving public housing infrastructure, including modernization, development, construction, rehabilitation, energy efficiency upgrades, and infrastructure improvements to public housing units within the Authority's service area. The Capital Fund also permits use of allocations for financing activities, including debt service payments and customary financing costs for standard and mixed-finance developments.

As a formula-based allocation program, the Public Housing Capital Fund distributes annual grants to approximately 2,770 Public Housing Agencies nationwide serving nearly one million units across all 50 states and territories. The North Chicago Housing Authority's specific allocation was calculated using HUD's established formula, which reflects inventory characteristics such as unit counts, building age, and construction costs. All Capital Fund activities must align with eligible uses described in 24 CFR 905.200 and either specified in an approved 5-Year Action Plan or approved by HUD for emergency work or disaster-related needs. Recipients are required to maintain compliance with 2 CFR 200 Uniform Administrative Requirements and provide accurate inventory data certification through HUD's Information Management System.