Formula Grant MD06P00850126

The Frostburg Housing Authority received a $261,212 formula grant award from the U.S. Department of Housing and Urban Development's (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 award supports capital and management activities for public housing modernization, development, and infrastructure improvements serving low-income residents in Frostburg, Maryland. Eligible uses of the capital funds include construction and acquisition of public housing units, modernization of existing facilities, energy efficiency upgrades, emergency repairs, and financing activities such as debt service payments for standard and mixed-finance developments.

The Public Housing Capital Fund operates as a formula-based allocation program in which HUD calculates annual awards to approximately 2,770 Public Housing Agencies (PHAs) nationwide managing nearly one million public housing units based on established formulas reflecting each PHA's inventory characteristics, including unit counts, building age, and construction costs. The Frostburg Housing Authority must comply with 2 CFR Part 200 Uniform Administrative Requirements and maintain accurate public housing inventory data in HUD's Information Management System. Capital funds may only be expended for eligible activities specified in an approved five-year action plan or approved by HUD for emergency work and must be obligated by the award expiration date.