Formula Grant NC19P02050126

The Housing Authority of the City of Wilson received a $2,192,594 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 program (CFDA 14.872) for the period April 1, 2026 through March 31, 2030. This award supports capital and management activities for public housing in Wilson, North Carolina, with eligible uses including modernization of existing units, development and acquisition of additional public housing inventory, management improvements, emergency repairs, energy efficiency upgrades, and financing activities such as debt service payments for standard and mixed-finance developments.

The Public Housing Capital Fund operates as a formula-based allocation program rather than a competitive grant, with funding amounts calculated annually based on established formulas reflecting each Public Housing Agency's inventory characteristics, including unit counts, building age, and construction costs. The Housing Authority of the City of Wilson must utilize these funds exclusively for eligible activities specified in its approved 5-Year Action Plan or HUD-approved emergency work, and must maintain compliance with 2 CFR 200 Uniform Administrative Requirements and accurate inventory data in HUD's Information Management System throughout the performance period.