Summary of Federal Grant Award

The U.S. Department of Housing and Urban Development (HUD), through its Public and Indian Housing Office, awarded $163,259 to the Princeville Housing Authority under the Public Housing Capital Fund (CFDA 14.872) formula grant program. This award, effective April 1, 2026 through March 31, 2030, supports critical capital and management activities for public housing infrastructure serving low-income residents in Winston-Salem, North Carolina. The Princeville Housing Authority, operating as a subrecipient of the Housing Authority of the City of Winston-Salem, will utilize these funds for eligible activities including public housing modernization, development, acquisition, construction, emergency repairs, energy efficiency upgrades, and related management improvements as defined under 24 CFR Part 905.

The Capital Fund formula grant ensures that Public Housing Agencies receive allocations based on established formulas reflecting inventory characteristics such as unit counts and building age, rather than through competitive application processes. Funding may be directed toward specified activities in an approved 5-Year Action Plan or for emergency work and disaster-related housing improvements. Recipients must comply with 2 CFR 200 Uniform Administrative Requirements and maintain accurate public housing inventory data in HUD's Information Management System, with comprehensive budget and cost records subject to audit by HUD or independent public accountants.