Formula Grant OK56P08950126

The Hobart City Housing Authority received a formula grant award of $221,642 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 capital and management activities for public housing modernization, development, and infrastructure improvements serving low-income residents in Hobart, Oklahoma. The Capital Fund provides financial assistance to approximately 2,770 Public Housing Agencies nationwide managing nearly one million housing units across all 50 states and territories.

Under this award, eligible activities include modernization projects, infrastructure upgrades, emergency repairs, energy efficiency improvements, and development activities that add to or reconfigure the housing authority's public housing inventory. Funding may also support financing activities, including debt service payments and customary financing costs for standard and mixed-finance developments. All capital projects must be specified in the housing authority's approved 5-Year Action Plan or approved by HUD for emergency work or repairs related to non-presidentially declared natural disasters. The housing authority is required to maintain accurate budget and cumulative cost records for HUD review and independent audit in compliance with 2 CFR 200 Uniform Administrative Requirements.