Summary of Federal Formula Grant Award

The Rockingham Housing Authority received a $772,111 formula grant award from the U.S. Department of Housing and Urban Development's (HUD) Public and Indian Housing Office under the Public Housing Capital Fund program (CFDA 14.872), effective April 1, 2026, through March 31, 2030. This award supports capital and management activities for public housing modernization, development, and infrastructure improvements serving low-income residents in Rockingham, North Carolina.

The funding will be applied to eligible capital activities as defined in 24 CFR Part 905, including modernization of existing public housing units, development of additional housing inventory, management improvements, and emergency repairs. Grant funds may also support financing activities such as debt service payments for standard and mixed-finance developments. The Rockingham Housing Authority must align all funded activities with its HUD-approved 5-year action plan and comply with 2 CFR 200 Uniform Administrative Requirements. This formula-based allocation is calculated using established criteria reflecting the authority's public housing inventory characteristics, and all expenditures must be completed by the March 31, 2030 deadline, with obligation deadlines subject to extension upon timely request.