Summary of Federal Grant Award

The North Andover Housing Authority received a $293,667 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 award provides capital funding to support public housing modernization, development, management improvements, and infrastructure enhancements for the Authority's inventory of affordable housing units serving low-income families, elderly individuals, and persons with disabilities in North Andover, Massachusetts.

The Capital Fund grant supports eligible activities including housing unit development and acquisition, modernization of existing public housing stock, emergency repairs, energy efficiency improvements, and related capital and management costs as specified in 24 CFR Part 905. Award amounts are calculated using HUD's established formula based on the Authority's public housing inventory characteristics, such as unit counts, building age, and construction costs, rather than through competitive application processes. The Authority must obligate and expend funds in accordance with HUD requirements and maintain documentation of capital activities through budgets and cost records subject to audit under 2 CFR 200 Uniform Administrative Requirements.