Summary

The U.S. Department of Housing and Urban Development's Public and Indian Housing Office awarded the Belmont Metropolitan Housing Authority (BMHA) a Public Housing Capital Fund (CFDA 14.872) formula grant of $2,122,310 effective April 1, 2026, with a completion deadline of March 31, 2030. Under this award, BMHA will execute capital and management activities to support its public housing portfolio serving low-income residents in Martins Ferry, Ohio. Eligible activities funded through this grant include public housing modernization, infrastructure improvements, rehabilitation, emergency repairs, energy efficiency upgrades, and development activities that enhance or expand BMHA's housing inventory.

The Capital Fund formula grant operates as a non-competitive, allocation-based program distributed by HUD to approximately 2,770 Public Housing Agencies nationwide managing nearly one million housing units. Award amounts are calculated using established formulas reflecting each PHA's inventory characteristics, including unit counts, building age, and construction costs. BMHA must obligate the funds in accordance with HUD-approved five-year action plans and maintain compliance with 2 CFR 200 Uniform Administrative Requirements, including accurate budget and cost record maintenance for auditing purposes.