Formula Grant MN46P05350126

The Ely Housing & Redevelopment Authority received a $233,781 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 for public housing modernization, infrastructure improvements, and development of housing units serving low-income residents in Ely, Minnesota. The funding may be applied to eligible activities specified in the organization's approved 5-year action plan, including modernization of existing units, development or acquisition of additional public housing inventory, emergency repairs, energy efficiency upgrades, and related management improvements.

The Capital Fund operates as a formula-based allocation program rather than a competitive grant, with award amounts calculated by HUD based on inventory characteristics such as unit counts, building age, and construction costs. The awardee must maintain accurate public housing inventory data in HUD's Information Management System and comply with 2 Code of Federal Regulations Part 200 regarding uniform administrative requirements, cost principles, and audit standards. All obligated funds must be expended by the ultimate completion date of March 31, 2030, though obligation deadlines may be extended upon timely request.