Federal Grant Award Summary

The Maynard Housing Authority received a $111,574 formula grant 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), awarded on April 1, 2026, with a completion date of March 31, 2030. This funding supports capital and management activities for public housing serving low-income residents in Maynard, Massachusetts. Eligible uses of Capital Fund grants include public housing modernization, development, acquisition, rehabilitation of units, infrastructure improvements, property management enhancements, and financing activities such as debt service payments and customary financing costs for mixed-finance developments.

As a formula-based allocation rather than a competitive grant, this award was calculated using established formulas reflecting the Maynard Housing Authority's public housing inventory characteristics, including unit counts, building age, and construction costs. The grant funds must be utilized only for activities approved in the Authority's five-year action plan or for emergency work and repairs necessitated by non-presidentially declared natural disasters, in compliance with 24 CFR Part 905 and the Uniform Administrative Requirements under 2 CFR 200.