Public Housing Capital Fund Award Summary

The Ishpeming Housing Commission received a $326,017 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) on April 1, 2026, with a completion date of March 31, 2030. This award supports capital and management activities for public housing units serving low-income residents in Ishpeming, Michigan. The funding may be directed toward modernization, development, construction, acquisition, energy efficiency upgrades, non-routine maintenance, and management improvements to public housing properties, as specified in an approved 5-year action plan or approved by HUD for emergency or disaster-related work.

As a formula-based allocation program, the Public Housing Capital Fund distributes annual funding to approximately 2,770 Public Housing Agencies nationwide managing nearly one million units across all 50 states and territories. Award amounts are calculated using established formulas reflecting each PHA's inventory characteristics, including unit counts, building age, and construction costs, rather than through competitive application processes. Recipients must maintain accurate inventory data in HUD's Information Management System and comply with 2 CFR 200 Uniform Administrative Requirements, including documentation of budgets and cumulative cost records for HUD and independent auditor review.