Formula Grant NC19P00950126

The Fayetteville Metropolitan Housing Authority (FMHA) received a $2,624,460 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 funding supports capital and management activities for public housing modernization, development, infrastructure improvements, and related eligible activities as defined in 24 CFR Part 905. The Capital Fund grant enables FMHA to finance modernization projects, construct or acquire additional public housing units, conduct emergency repairs, implement energy efficiency upgrades, and cover customary financing costs for standard and mixed-finance developments serving low-income families, elderly individuals, and persons with disabilities in the Fayetteville, North Carolina area.

As a formula-based allocation program administered by HUD, the Public Housing Capital Fund distributes grants annually to approximately 2,770 Public Housing Agencies nationwide managing nearly one million units across all 50 states and territories. FMHA's award amount was calculated using HUD's established formula methodology based on inventory characteristics such as unit counts, building age, and construction costs, rather than through competitive application. The authority must comply with 2 CFR 200 Uniform Administrative Requirements, maintain accurate inventory data in HUD's Information Management System, and utilize funds only for eligible activities specified in an approved five-year action plan or approved emergency work.