Formula Grant NC19P00450126

The Housing Authority of City of Kinston received a $2,564,666 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) program, effective April 1, 2026, through March 31, 2030. This award supports capital and management activities for public housing in Kinston, North Carolina, including modernization, development, rehabilitation, and infrastructure improvements to the Authority's public housing inventory. Eligible activities funded under this award encompass construction and acquisition of additional public housing units, emergency repairs, energy efficiency upgrades, and other capital improvements specified in the Authority's approved five-year action plan or approved by HUD for emergency or disaster-related work.

The Capital Fund formula allocation enables the Housing Authority to enhance the quality and safety of its public housing portfolio serving low-income residents in the Kinston area. Grant funds may also support financing activities, including debt service payments and customary financing costs for public housing developments. As a formula-based grant program serving approximately 2,770 Public Housing Agencies nationwide, the Capital Fund allocation is determined by HUD using established formulas reflecting inventory characteristics such as unit counts, building age, and construction costs, rather than through competitive application processes.