Formula Grant IN36P00950126

The Housing Authority of City Richmond T received a formula grant award of $1,092,624.00 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 award supports capital and management activities for public housing units serving low-income residents in Richmond, Indiana, including modernization, infrastructure improvements, emergency repairs, and energy efficiency upgrades to the authority's public housing inventory.

Capital funds are allocated through an annual formula-based distribution calculated by HUD using public housing inventory characteristics such as unit counts, building age, and construction costs, rather than through competitive application processes. Eligible activities include public housing development, acquisition of additional units, rehabilitation and modernization of existing units, management improvements, and financing activities such as debt service payments. The Housing Authority of City Richmond T must obligate and expend funds in accordance with its HUD-approved 5-year action plan and maintain compliance with 2 CFR 200 Uniform Administrative Requirements, with expenditures required by the March 31, 2030 completion date.