Formula Grant NC19P00550126

The U.S. Department of Housing and Urban Development's Public and Indian Housing Office awarded the Housing Authority of the City of New Bern, North Carolina a Public Housing Capital Fund (CFDA 14.872) formula grant of $663,630 effective April 1, 2026 through March 31, 2030. This funding supports capital and management activities for public housing infrastructure, including modernization, development, property maintenance, energy efficiency upgrades, and security enhancements. The Capital Fund enables the Housing Authority to address deferred maintenance, improve housing conditions, and support the operations of its public housing inventory serving low-income residents in the New Bern area.

As a formula-based allocation program, the Public Housing Capital Fund distributes annual appropriations to approximately 2,770 Public Housing Agencies nationwide managing nearly one million housing units. Capital Fund recipients must utilize allocations exclusively for eligible activities specified in their approved five-year action plans or emergency work, and must comply with 2 CFR 200 Uniform Administrative Requirements. The Housing Authority maintains ongoing eligibility through certification of its public housing inventory data in HUD's Information Management System, with no competitive application required for this formula-driven allocation mechanism.