Formula Grant NJ39P20450126

The Housing Authority of Gloucester County received a $768,008 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 funds capital and management activities for the authority's public housing portfolio located in Woodbury, New Jersey, with eligible uses including modernization, development, infrastructure improvements, emergency repairs, and management enhancements to public housing units. The formula-based allocation is calculated annually by HUD using established metrics reflecting the authority's public housing inventory characteristics, including unit counts, building age, and construction costs.

The Capital Fund grant enables the Housing Authority of Gloucester County to execute its 5-year action plan for capital improvements and maintain its public housing stock serving low-income residents in Gloucester County. Permissible uses of these funds encompass physical improvements such as system replacements and energy efficiency upgrades, as well as financing activities including debt service payments for mixed-finance developments. As with all Capital Fund recipients, the Housing Authority must maintain accurate inventory data in HUD's Information Management System and comply with 2 CFR Part 200 Uniform Administrative Requirements and audit provisions throughout the award period.