Summary

The Springfield Metropolitan Housing Authority received a $2,233,621 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 funding supports critical capital and management activities for the Authority's public housing portfolio, including modernization and infrastructure improvements of existing units, development or acquisition of additional public housing units, emergency repairs, energy efficiency upgrades, and related financing activities such as debt service payments. The Capital Fund operates on a formula-based allocation methodology calculated according to characteristics of each Public Housing Agency's inventory, including unit counts, building age, and construction costs, rather than through competitive application processes.

The Authority will utilize these funds exclusively for eligible capital activities as defined in 24 CFR 905.200, either through initiatives specified in its approved 5-Year Action Plan or for emergency work and repairs necessitated by non-presidentially declared natural disasters. As a public housing agency administering federal funding, Springfield Metropolitan Housing Authority must maintain accurate inventory data in HUD's Information Management System, comply with 2 CFR 200 Uniform Administrative Requirements, and subject its capital fund activities to regular audit requirements in conjunction with its standard HUD or independent public accountant audits.