Formula Grant NC19P06350126

The New Randleman Housing Authority received a $251,742 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), effective April 1, 2026, through March 31, 2030. This funding supports capital and management activities for public housing improvements serving low-income residents in Randleman, North Carolina, including modernization, infrastructure upgrades, development activities, emergency repairs, energy efficiency enhancements, and financing costs related to public housing operations.

As a formula-based allocation rather than a competitive award, the Capital Fund grant is calculated according to HUD's established formula, which incorporates characteristics of the housing authority's public housing inventory such as unit counts, building age, and construction costs. The funded activities must align with eligible activities specified in 24 CFR 905.200 and are either detailed in the authority's approved 5-Year Action Plan or approved by HUD for emergency work or disaster recovery. The New Randleman Housing Authority, which operates approximately one million public housing units collectively across nearly 2,770 participating Public Housing Agencies nationwide, is required to maintain accurate inventory data in HUD's Information Management System and comply with 2 CFR 200 Uniform Administrative Requirements and audit provisions.