Formula Grant PA28P08050126

Mckean Co Housing received $915,780.00 in formula grant funding 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). The award, effective April 1, 2026, through March 31, 2030, supports critical capital and management activities for public housing in Smethport, Pennsylvania. The Capital Fund allocation enables the housing authority to execute modernization and development projects, infrastructure improvements, emergency repairs, energy efficiency upgrades, and routine maintenance activities across its public housing inventory serving low-income residents, elderly individuals, and persons with disabilities in McKean County.

As a formula-based allocation rather than a competitive grant, the funding amount was calculated by HUD using established formulas reflecting Mckean Co Housing's public housing inventory characteristics, including unit counts, building age, and construction costs. The recipient must utilize these capital funds exclusively for eligible activities specified in its approved five-year action plan or for emergency work and disaster-related repairs, in compliance with 24 CFR Part 905 and 2 CFR 200 Uniform Administrative Requirements. The housing authority is required to maintain accurate inventory data in HUD's Information Management System and submit annual certifications to demonstrate compliance and proper stewardship of federal resources.