Formula Grant NC19P06950126

Federal Grant Award Summary

The North Wilkesboro Housing Authority received a $761,790 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 funds capital and management activities to support public housing modernization, development, infrastructure improvements, and management enhancements serving low-income residents in North Wilkesboro, North Carolina. Eligible activities include construction and acquisition of additional public housing units, energy efficiency improvements, emergency repairs, and debt service financing for standard and mixed-finance developments, as specified in the authority's approved 5-Year Action Plan or HUD-approved emergency work.

The Public Housing Capital Fund operates as a formula-based allocation program, with awards calculated annually based on characteristics of each Public Housing Agency's inventory, including unit counts, building age, and construction costs. The North Wilkesboro Housing Authority must obligate and expend these funds in accordance with 2 CFR 200 Uniform Administrative Requirements and maintain accurate inventory data in HUD's Information Management System. As a formula grant recipient, the authority is not required to submit a competitive application but must maintain ongoing certification of its public housing inventory information and comply with all applicable audit and financial management requirements.