Federal Grant Award Summary

The Hot Springs Housing Authority received a $194,021 Public Housing Capital Fund (CFDA 14.872) formula grant award from the U.S. Department of Housing and Urban Development's Public and Indian Housing Office, effective April 1, 2026 through March 31, 2030. This funding supports capital and management activities for public housing serving low-income residents in Hot Springs, North Carolina. The grant may be applied toward eligible activities including public housing modernization, development, infrastructure improvements, emergency repairs, energy efficiency upgrades, and management enhancements as specified in 24 CFR 905.200 and the Authority's approved 5-Year Action Plan.

As a formula-based allocation rather than a competitive award, the funding amount reflects the Hot Springs Housing Authority's public housing inventory characteristics. The Authority must obligate these funds by the specified deadline and expend them in accordance with HUD requirements and the Uniform Administrative Requirements under 2 CFR 200. The Authority maintains continuous certification of its public housing inventory data in HUD's Information Management System to ensure ongoing program eligibility and accurate funding calculations.