Federal Grant Award Summary

The New Reidsville Housing Authority received a formula grant award of $387,064 from the U.S. Department of Housing and Urban Development's (HUD) Public and Indian Housing Office under the Public Housing Capital Fund (CFDA 14.872) program. The award, effective April 1, 2026 through March 31, 2030, supports capital and management activities for public housing in Reidsville, North Carolina. The funding enables the Housing Authority to conduct modernization, infrastructure improvements, energy efficiency upgrades, and emergency repairs to its public housing inventory, as well as financing activities related to public housing development.

The Public Housing Capital Fund operates as a formula-based allocation program that provides annual grants to approximately 2,770 Public Housing Agencies nationwide to serve nearly one million public housing units. Eligible activities under this award are limited to those specified in the Housing Authority's approved five-year action plan or those approved by HUD for emergency work and repairs related to non-presidentially declared natural disasters. The Housing Authority must maintain accurate public housing inventory data and comply with 2 CFR 200 Uniform Administrative Requirements, with all capital expenditures to be completed by the program end date.