Federal Grant Award Summary

The Housing Authority of Richmond received a $899,215 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 essential to maintaining and improving the organization's public housing portfolio, including modernization of existing units, infrastructure improvements, emergency repairs, energy efficiency upgrades, and development activities that expand or reconfigure public housing inventory in Richmond, Kentucky.

The Public Housing Capital Fund operates as a formula-based allocation program that distributes funding to approximately 2,770 Public Housing Agencies nationwide serving nearly one million units across all 50 states and territories. Allocations are determined using established formulas reflecting each agency's public housing inventory characteristics such as unit counts, building age, and construction costs, rather than through competitive application processes. The Housing Authority of Richmond must utilize these capital funds exclusively for eligible activities specified in its approved five-year action plan or for emergency work, and must maintain accurate inventory records in HUD's Information Management System while complying with 2 CFR 200 Uniform Administrative Requirements for federal awards.