Formula Grant NY28P01150126

The Niagara Falls Housing Authority received a $2,375,599 formula grant award from the U.S. Department of Housing and Urban Development's Public and Indian Housing Office under the Public Housing Capital Fund (CFDA 14.872), effective April 1, 2026 through March 31, 2030. This award supports capital and management activities for public housing modernization, development, and infrastructure improvements serving the Niagara Falls, New York area. The Capital Fund provides formula-based allocations to public housing agencies nationwide and permits funding for modernization projects, physical upgrades to housing structures, energy efficiency improvements, emergency repairs, and development activities that add to or reconfigure the authority's public housing inventory.

The funding is directed toward eligible activities specified in the authority's approved 5-year action plan or emergency work as authorized by HUD, with allowable uses defined under 24 CFR 905.200. Capital Fund grants also support financing activities including debt service payments and customary financing costs for standard and mixed-finance developments. All expenditures must comply with 2 CFR 200 Uniform Administrative Requirements, and the authority is required to maintain accurate inventory data and budgetary records for HUD and independent auditor review throughout the performance period.