Federal Grant Award Summary

The Richmond Housing Authority received a $250,247 formula grant from the U.S. Department of Housing and Urban Development's Public and Indian Housing Office under the Public Housing Capital Fund program (CFDA 14.872), awarded April 1, 2026, with a completion date of March 31, 2030. This funding supports capital and management activities for public housing serving low-income residents in Richmond, Missouri.

The Capital Fund grant provides financial assistance for public housing modernization, development, management improvements, and related eligible activities as defined in 24 CFR Part 905. Specifically, Richmond Housing Authority will utilize these funds for development activities (construction and acquisition of additional public housing units or significant reconfigurations of existing inventory), modernization efforts, and financing activities including debt service payments. Capital funds may only be applied to activities specified in the authority's approved 5-Year Action Plan or those approved by HUD for emergency or disaster-related work. As a formula-based allocation program, the Capital Fund amount is calculated using established formulas reflecting the authority's public housing inventory characteristics rather than through competitive application processes, and recipients must maintain accurate inventory data and comply with 2 CFR 200 Uniform Administrative Requirements.