Federal Grant Award Summary

The City of Albemarle received a $776,859.00 formula grant award from the U.S. Department of Housing and Urban Development's (HUD) Public and Indian Housing Office under the Public Housing Capital Fund program (CFDA 14.872), effective April 1, 2026, through March 31, 2030. This award supports capital and management activities for public housing infrastructure serving low-income residents in Albemarle, North Carolina. Eligible uses of capital funds include modernization, development, infrastructure improvements, emergency repairs, energy efficiency upgrades, and related financing activities for public housing units.

As a Public Housing Agency, the City of Albemarle will deploy these funds in accordance with its HUD-approved 5-Year Action Plan to address critical infrastructure needs within its public housing inventory. The formula-based allocation is calculated by HUD using established criteria reflecting the agency's housing unit counts, building age, and construction costs, eliminating the need for competitive application processes. The recipient must maintain compliance with 2 CFR 200 (Uniform Administrative Requirements) and ensure accurate documentation of capital fund expenditures for HUD review and independent audit requirements through the grant's completion date.