Formula Grant NC19P07050126

The U.S. Department of Housing and Urban Development's Public and Indian Housing Office awarded the Lincolnton Housing Authority a Public Housing Capital Fund (CFDA 14.872) formula grant of $872,551.00, effective April 1, 2026, through March 31, 2030. This funding supports capital and management activities for public housing modernization, development, and infrastructure improvements serving low-income residents in Lincolnton, North Carolina. The Capital Fund enables eligible activities including physical improvements, energy efficiency upgrades, emergency repairs, debt service payments, and related financing costs as specified in an approved five-year action plan or approved by HUD for emergency work.

As a Public Housing Agency, Lincolnton Housing Authority utilizes these capital funds to enhance and maintain its public housing portfolio through approved modernization and development initiatives. The award represents the agency's annual formula-based allocation calculated by HUD using established metrics such as unit counts, building age, and construction costs, consistent with the Capital Fund program's approach of providing direct allocations to approximately 2,770 PHAs nationwide managing nearly one million public housing units across all 50 states and territories. The agency must maintain compliance with 2 CFR 200 Uniform Administrative Requirements and comply with all obligation and expenditure deadlines established for the performance period.