Public Housing Capital Fund Award Summary

Park Rapids Housing & Redevelopment, operating as River Heights Apartments, received a $138,967 Formula Grant award dated April 1, 2026, 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). The award, with a performance period extending through March 31, 2030, supports capital and management activities for public housing operations in Park Rapids, Minnesota.

The funding enables Park Rapids Housing & Redevelopment to execute eligible capital activities including public housing modernization, development, infrastructure improvements, and management enhancements as defined under 24 CFR 905.200. Authorized uses of Capital Fund allocations encompass construction and acquisition activities that expand or reconfigure the agency's public housing inventory, facility upgrades, emergency repairs, energy efficiency improvements, and financing costs associated with public housing developments. As a formula-based allocation rather than a competitive grant, this award reflects the agency's public housing inventory characteristics and ongoing eligibility as a certified Public Housing Agency. All expenditures and activities must comply with 2 CFR 200 Uniform Administrative Requirements and be documented through HUD's Information Management System.