Formula Grant OK56P01850126

The Snyder Housing Authority received a $174,584 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) program, effective April 1, 2026, through March 31, 2030. This funding supports capital and management activities for public housing infrastructure, including modernization, development, management improvements, and infrastructure upgrades serving the Snyder, Oklahoma community. The Capital Fund formula grant is specifically designated for eligible activities that either align with the authority's approved 5-year action plan or address emergency repairs and non-presidentially declared natural disaster recovery work, as defined under 24 CFR Part 905.

The award enables the Snyder Housing Authority to execute critical capital projects that maintain and improve the quality of public housing units within its inventory. Permissible uses of these funds include housing modernization efforts, facility development or reconfiguration, energy efficiency improvements, debt service payments, and customary financing costs associated with standard and mixed-finance developments. As a formula-based allocation rather than a competitive grant, the award amount was calculated by HUD using established formulas reflecting the authority's public housing inventory characteristics, including unit counts, building age, and construction costs. The authority must comply with 2 CFR 200 Uniform Administrative Requirements and maintain accurate inventory data throughout the award period.