Federal Grant Award Summary

The Reading Housing Authority received a $5.12 million formula grant award from the U.S. Department of Housing and Urban Development's (HUD) Public and Indian Housing Office under the Public Housing Capital Fund program (CFDA 14.872), effective April 1, 2026, through March 31, 2030. This funding supports capital and management activities for public housing units serving low-income residents in Reading, Pennsylvania. Eligible uses of these funds include public housing modernization, infrastructure improvements, emergency repairs, energy efficiency upgrades, development of additional public housing units, and financing activities such as debt service payments for standard and mixed-finance developments. All activities must align with the Authority's approved 5-year action plan or receive specific HUD authorization for emergency or disaster-related work.

The Public Housing Capital Fund operates as a formula-based allocation program administered by HUD, providing annual funding to approximately 2,770 Public Housing Agencies nationwide managing nearly one million units across all 50 states and territories. Award amounts are calculated using established formulas reflecting each agency's public housing inventory characteristics—including unit counts, building age, and construction costs—rather than through competitive application processes. Recipients must maintain accurate inventory data in HUD's Information Management System and comply with the Uniform Administrative Requirements outlined in 2 CFR 200, with regular audits conducted in conjunction with standard PHA operations audits.