Formula Grant ME36P00950126

The Bangor Housing Authority received a $2,103,055 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 supports capital and management activities to improve public housing infrastructure and services for low-income residents in Bangor, Maine. The Capital Fund provides financial assistance for modernization of existing housing units, development of additional public housing inventory, emergency repairs, energy efficiency upgrades, and management improvements to the Authority's public housing portfolio.

As a formula-based allocation program, the Public Housing Capital Fund distributes annual funding to approximately 2,770 Public Housing Agencies nationwide based on established formulas reflecting each agency's inventory characteristics, including unit counts, building age, and construction costs. The Bangor Housing Authority must direct these funds exclusively toward eligible activities specified in 24 CFR Part 905, which are either included in an approved five-year action plan or approved by HUD for emergency work or disaster-related repairs. The award requires compliance with 2 CFR 200 Uniform Administrative Requirements and obligates the Authority to maintain accurate inventory data and cumulative cost records for HUD review and independent audit purposes.