Formula Grant NY01P05050126

The Long Beach Housing Authority received a $1,131,940 formula grant award from the U.S. Department of Housing and Urban Development (HUD), Public and Indian Housing Office, under the Public Housing Capital Fund (CFDA 14.872) program, effective April 1, 2026 through March 31, 2030. This funding supports capital and management activities for public housing modernization, development, and infrastructure improvements serving low-income families, elderly individuals, and persons with disabilities in Long Beach, New York. The Capital Fund operates as a formula-based allocation program that distributes annual appropriations to approximately 2,770 Public Housing Agencies (PHAs) nationwide managing nearly one million public housing units across all 50 states and territories.

Grant funds may be applied exclusively to eligible activities specified in the Authority's approved 5-Year Action Plan or for HUD-approved emergency and disaster-related work. Permissible uses include modernization and reconfiguration of existing housing units, development and acquisition of additional public housing inventory, management improvements, financing activities including debt service payments, and customary financing costs associated with standard and mixed-finance developments. The Long Beach Housing Authority must maintain accurate capital fund budgets and cumulative cost records for HUD and independent auditor review in accordance with 2 CFR 200 Uniform Administrative Requirements, and must comply with standard PHA audit requirements conducted in conjunction with regular HUD or independent public accountant audits of agency operations.