Formula Grant IN36P03150126

The Housing Authority of Bedford received a $448,424 formula grant award from the U.S. Department of Housing and Urban Development (HUD), Public and Indian Housing Office, under the Public Housing Capital Fund (CFDA 14.872) program, effective April 1, 2026, through March 31, 2030. This grant supports capital and management activities essential to maintaining the authority's public housing portfolio, including modernization, rehabilitation, infrastructure improvements, emergency repairs, and development activities as defined in 24 CFR Part 905. The funding enables the Housing Authority of Bedford to address critical capital needs within its public housing inventory through activities specified in the authority's approved 5-year action plan or HUD-approved emergency work.

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 Housing Authority of Bedford utilizes these capital funds to sustain and improve its affordable housing stock serving low-income residents in the Bedford, Indiana community, with particular focus on vulnerable populations including elderly individuals and families with children. All expenditures must comply with 2 CFR 200 Uniform Administrative Requirements, and the authority must maintain detailed budgets and cumulative cost records for HUD and independent auditor review throughout the grant performance period.