Summary: Public Housing Capital Fund Award to Reed City Housing Commission

Reed City Housing Commission received a $233,533 formula grant from the U.S. Department of Housing and Urban Development's (HUD) Public and Indian Housing Office under the Public Housing Capital Fund program (CFDA 14.872) effective April 1, 2026 through March 31, 2030. The funding supports capital and management activities for the organization's public housing portfolio serving low-income residents in Reed City, Michigan. Eligible uses of these capital funds include public housing modernization, development activities that expand or reconfigure the housing inventory, management improvements, infrastructure enhancements, emergency repairs, and energy efficiency upgrades to maintain and improve the organization's housing units.

As a formula-based allocation program, the Public Housing Capital Fund distributes annual appropriations to approximately 2,770 Public Housing Agencies nationwide based on established formulas reflecting inventory characteristics such as unit counts, building age, and construction costs, rather than through competitive application processes. Reed City Housing Commission must expend these funds in accordance with HUD regulations (24 CFR Part 905) and maintain compliance with the Uniform Administrative Requirements under 2 CFR 200, ensuring accurate documentation of all capital activities and related expenditures for HUD review and independent audit purposes.