Federal Grant Award Summary

The City of Concord received a $512,393 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), effective April 1, 2026 through March 31, 2030. This award supports capital and management activities for the City of Concord's public housing portfolio, including modernization, infrastructure improvements, development of public housing units, and management enhancements. The funding may also be applied to financing activities such as debt service payments and customary financing costs associated with public housing developments.

As a Public Housing Agency (PHA), the City of Concord will utilize these capital funds exclusively for eligible activities as defined in 24 CFR Part 905, either through projects specified in its approved Five-Year Action Plan or for emergency repairs and work necessitated by natural disasters. The formula-based allocation reflects the PHA's housing inventory characteristics, including unit counts and building age, and requires the City of Concord to maintain accurate inventory data in HUD's Information Management System and comply with 2 CFR 200 Uniform Administrative Requirements. The funding ultimately supports the provision of decent, safe, and sanitary housing for low-income residents in Concord, North Carolina.