Formula Grant OK56P08650126

The Town of Stratford Housing Authority received a Public Housing Capital Fund (CFDA 14.872) formula grant award of $177,777 from the U.S. Department of Housing and Urban Development's Public and Indian Housing Office, effective April 1, 2026, through March 31, 2030. This funding supports capital and management activities for public housing modernization, development, and infrastructure improvements serving low-income residents in Stratford, Oklahoma. The grant enables eligible activities as defined in 24 CFR Part 905, which may include physical modernization of existing units, development of additional public housing inventory, infrastructure upgrades, energy efficiency improvements, emergency repairs, and related management improvements to the authority's public housing portfolio.

As a formula-based allocation program, the Public Housing Capital Fund distributes annual funding to approximately 2,770 Public Housing Agencies nationwide based on established formulas reflecting inventory characteristics such as unit counts, building age, and construction costs. The Town of Stratford Housing Authority must utilize these funds only for activities specified in an approved five-year action plan or for emergency work, and must maintain compliance with 2 CFR 200 Uniform Administrative Requirements. The grant period extends four years, providing sustained capital resources to support decent, safe, and sanitary housing conditions for the authority's low-income resident population.