Summary of Federal Formula Grant Award

The U.S. Department of Housing and Urban Development (HUD), through its Public and Indian Housing Office, awarded $996,736 to the Portage Metropolitan Housing Authority (PMHA) under the Public Housing Capital Fund (CFDA 14.872) for the performance period of April 1, 2026 through March 31, 2030. This formula grant provides financial assistance for capital and management activities supporting the modernization, development, and infrastructure improvements of public housing units serving low-income residents in Ravenna, Ohio. Eligible activities funded under this award include housing development and modernization efforts, financing activities including debt service payments, management improvements, emergency repairs, and energy efficiency upgrades, all administered in accordance with PMHA's approved 5-Year Action Plan.

As a public housing authority managing multiple federal HUD programs, PMHA utilizes Capital Fund allocations to support its mission of ensuring access to decent, safe, and sanitary housing while promoting resident self-sufficiency. The Capital Fund operates as a formula-based allocation program calculated annually by HUD using established formulas reflecting each PHA's inventory characteristics, such as unit counts, building age, and construction costs. PMHA must maintain accurate inventory data in HUD's Information Management System, comply with 2 CFR 200 Uniform Administrative Requirements, and ensure all capital activities align with eligible use categories specified in 24 CFR Part 905.