Formula Grant OK56P04050126

The Housing Authority of Sayre received $103,689 in formula grant funding from the U.S. Department of Housing and Urban Development's Public and Indian Housing Office under the Public Housing Capital Fund program (CFDA 14.872), awarded April 1, 2026, with a completion date of March 31, 2030. This allocation supports capital and management activities for public housing serving low-income residents in Sayre, Oklahoma, including modernization, infrastructure improvements, energy efficiency upgrades, emergency repairs, and development activities that enhance the housing authority's public housing inventory.

The Capital Fund operates as a formula-based allocation program rather than a competitive grant, with funding calculated annually according to established formulas reflecting each Public Housing Agency's characteristics, such as unit counts, building age, and construction costs. The Housing Authority of Sayre must utilize these funds exclusively for eligible activities specified in its approved 5-Year Action Plan or for HUD-approved emergency work, with all expenditures subject to compliance with 2 CFR 200 Uniform Administrative Requirements and HUD audit requirements. The award represents one of approximately 2,770 formula allocations distributed nationally to support the maintenance and enhancement of nearly one million public housing units across all 50 states and territories.