Formula Grant MA01P01450126

The Revere Housing Authority Inc. received a formula grant award of $569,454 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 in Revere, Massachusetts, including modernization, infrastructure improvements, development, emergency repairs, and energy efficiency upgrades to the Authority's public housing inventory. The Capital Fund also permits use of allocations for financing activities, including debt service payments and customary financing costs associated with public housing developments.

The Public Housing Capital Fund operates as a non-competitive, formula-based allocation program that distributes funding annually to approximately 2,770 Public Housing Agencies nationwide managing nearly one million public housing units across all 50 states and territories. Grant awards are calculated using established formulas reflecting each PHA's specific characteristics, such as unit counts, building age, and construction costs. Revere Housing Authority Inc., as the prime grantee, must comply with 2 Code of Federal Regulations Part 200 Uniform Administrative Requirements and maintain accurate inventory data in HUD's Information Management System to support ongoing certification and oversight of the awarded funds.