Federal Grant Award Summary

Belmont Housing received a $181,739 formula grant 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 in Belmont, North Carolina, including modernization, development, infrastructure improvements, and financing activities necessary to maintain and enhance the organization's public housing inventory serving low-income residents.

The funding enables Belmont Housing to execute eligible capital activities as defined under 24 CFR 905.200, which may encompass construction, acquisition, rehabilitation, and reconfiguration of public housing units; energy efficiency upgrades; emergency repairs; security improvements; and debt service payments related to mixed-finance developments. Like all Public Housing Capital Fund allocations, Belmont Housing's award was calculated using HUD's formula methodology based on inventory characteristics such as unit counts, building age, and construction costs, rather than through a competitive application process. The organization must maintain compliance with 2 CFR 200 Uniform Administrative Requirements and document all capital activities within its approved 5-year action plan or secure HUD approval for emergency work and disaster-related activities.