Federal Grant Award Summary

The Mount Gilead Housing Authority received a $105,795 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 public housing operations serving low-income residents in Troy, North Carolina. The funding is allocated to eligible activities including public housing modernization, infrastructure improvements, development of housing units, and management enhancements as specified in 24 CFR Part 905 and approved within the agency's five-year action plan.

As a formula-based allocation program, the Capital Fund distributes resources to approximately 2,770 Public Housing Agencies nationwide managing nearly one million housing units across all 50 states and territories. Mount Gilead Housing Authority's award reflects its inventory characteristics and ongoing need for capital improvements to maintain safe, decent, and sanitary housing stock. The funding must be obligated by March 31, 2030, and all expenditures must comply with 2 CFR 200 Uniform Administrative Requirements, with the agency maintaining detailed budget and cost records subject to HUD audit and independent review.