Formula Grant MN46P09250126

The U.S. Department of Housing and Urban Development's Public and Indian Housing Office awarded the Pine River Housing and Redevelopment Authority a Public Housing Capital Fund (CFDA 14.872) formula grant of $104,231.00, effective April 1, 2026, through March 31, 2030. This formula-based allocation supports capital and management activities essential to the authority's operation of public housing units serving low-income residents in Pine River, Minnesota. The funding enables the authority to undertake eligible capital improvement activities including public housing modernization, development, rehabilitation, infrastructure improvements, energy efficiency upgrades, and emergency repairs as specified in 24 CFR Part 905.

The Capital Fund grant provides financial resources to maintain and enhance the authority's public housing inventory through planned capital activities documented in its five-year action plan or through HUD-approved emergency work. As is standard across the Public Housing Capital Fund program serving approximately 2,770 Public Housing Agencies nationwide, the award amount is calculated using HUD's established formula based on characteristics of the authority's public housing inventory, including unit counts, building age, and construction costs. The authority must comply with 2 CFR 200 Uniform Administrative Requirements and maintain accurate inventory data in HUD's Information Management System, with expenditure obligations required by the March 31, 2030 deadline.