Formula Grant NM02P06750126

The U.S. Department of Housing and Urban Development's Public and Indian Housing Office awarded $538,049 in Public Housing Capital Fund (CFDA 14.872) formula grant funding to the Western Regional Housing Authority, doing business as Housing Authority of Region V, effective April 1, 2026, through March 31, 2030. This formula-based allocation supports capital and management activities for public housing serving low-income residents in the Silver City, New Mexico region, including modernization, infrastructure improvements, development activities, emergency repairs, energy efficiency upgrades, and financing activities such as debt service payments for public housing units.

The Capital Fund grant enables the housing authority to carry out eligible capital projects specified in its five-year action plan or approved emergency work, in accordance with 24 CFR Part 905 regulations. As a formula grant program serving approximately 2,770 Public Housing Agencies nationwide managing nearly one million public housing units across all 50 states and territories, the allocation is calculated based on the authority's public housing inventory characteristics rather than through competitive application. The authority must maintain accurate inventory data, comply with 2 CFR 200 Uniform Administrative Requirements, and track cumulative project costs for HUD and independent auditor review throughout the performance period.