Formula Grant MI33P01350126

The Iron Mountain Housing Commission received a $254,169 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 program (CFDA 14.872), effective April 1, 2026, through March 31, 2030. This funding supports capital improvements and modernization activities for public housing units serving low-income residents in Iron Mountain, Michigan. Eligible uses of these funds include public housing development, acquisition of additional housing units, infrastructure improvements, emergency repairs, energy efficiency upgrades, and management enhancements in accordance with 24 CFR Part 905.

The Public Housing Capital Fund allocates resources to approximately 2,770 Public Housing Agencies nationwide managing nearly one million public housing units across all 50 states and territories. Formula-based allocation calculations reflect each agency's specific characteristics, including unit inventory counts, building age, and construction costs. Recipients must maintain accurate housing inventory information in HUD's Information Management System and comply with 2 CFR 200 Uniform Administrative Requirements. Capital Fund activities are detailed in approved 5-Year Action Plans or, in cases of emergency or non-presidentially declared natural disasters, may be approved separately by HUD.