Summary of Federal Grant Award

The Housing Authority of the City of Newport, Rhode Island received a $2,218,616 formula grant award 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 award funds capital and management activities to modernize, develop, and improve the authority's public housing inventory serving low-income residents in Newport. Eligible uses of Capital Fund grants 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.

The Public Housing Capital Fund operates as a formula-based allocation program administered by HUD, with awards calculated based on characteristics of each Public Housing Agency's inventory, including unit counts, building age, and construction costs rather than through competitive application processes. The Housing Authority of Newport must utilize these funds for activities specified in its approved 5-Year Action Plan or for HUD-approved emergency work, maintain accurate inventory data in HUD's Information Management System, comply with 2 CFR Part 200 Uniform Administrative Requirements, and ensure funds are obligated and expended in accordance with federal deadlines and audit requirements.