Formula Grant MO01P13350126

The Nevada Housing Authority of City NEV received a Public Housing Capital Fund (CFDA 14.872) formula grant award of $557,617 from the U.S. Department of Housing and Urban Development's Public and Indian Housing Office, effective April 1, 2026 through March 31, 2030. This funding supports capital and management activities for public housing operations in Nevada, Missouri, including modernization, infrastructure improvements, development of additional public housing units, and management enhancements to serve low-income residents.

The Capital Fund formula grant permits the Housing Authority to allocate resources toward eligible activities specified in its approved 5-year action plan, such as construction, acquisition of additional public housing units, emergency repairs, energy efficiency upgrades, and financing activities including debt service payments. As a formula-based allocation program, this award is calculated annually by HUD using established metrics reflecting the Authority's public housing inventory characteristics, including unit counts, building age, and construction costs, rather than through a competitive application process. The Authority must maintain accurate inventory data in HUD's Information Management System, comply with 2 CFR 200 Uniform Administrative Requirements, and submit annual certifications to retain eligibility for continued funding.