Federal Grant Award Summary

The U.S. Department of Housing and Urban Development (HUD), Public and Indian Housing Office awarded $303,717 to the Bladenboro Housing Authority under the Public Housing Capital Fund (CFDA 14.872) formula grant program effective April 1, 2026, with a completion date of March 31, 2030. The Capital Fund provides formula-based allocations to Public Housing Agencies nationwide to support capital and management activities that improve public housing infrastructure and services for low-income residents, elderly individuals, and persons with disabilities. The Bladenboro Housing Authority will utilize these funds for eligible capital activities including public housing modernization, development, infrastructure improvements, emergency repairs, and financing activities as specified in the agency's 5-Year Action Plan or as approved by HUD for emergency work.

The award supports the Bladenboro Housing Authority's ongoing mission to maintain and operate its public housing portfolio through capital improvements and related management activities in Bladenboro, North Carolina. Capital Fund allocations are calculated using HUD's established formula based on characteristics of each Public Housing Agency's inventory, such as unit counts, building age, and construction costs, rather than through competitive application processes. The authority must comply with 2 CFR 200 Uniform Administrative Requirements and maintain accurate inventory data in HUD's Information Management System, with obligation deadlines subject to extension requests and expenditure deadlines that cannot be extended.