Summary of Federal Formula Grant Award

The Town of Westerly Housing Authority received a $339,375 Public Housing Capital Fund (CFDA 14.872) award from the U.S. Department of Housing and Urban Development's Public and Indian Housing Office, effective April 1, 2026, with a completion date of March 31, 2030. This formula-based allocation supports capital and management activities for the authority's public housing portfolio serving low-income families, elderly individuals, and persons with disabilities in Watch Hill, Rhode Island. The funding enables eligible capital activities including modernization, development, infrastructure improvements, energy efficiency upgrades, emergency repairs, and financing costs for public housing units, as specified in the authority's approved 5-year action plan or HUD-approved emergency work requests.

As a Public Housing Agency (PHA), the Town of Westerly Housing Authority utilizes Capital Fund allocations to maintain and improve its housing inventory in compliance with the U.S. Housing Act of 1937 and applicable federal regulations. The award reflects HUD's formula-based allocation methodology, which calculates funding based on characteristics of the PHA's existing public housing inventory, such as unit counts and building age, rather than through competitive application processes. The authority's grant activities must comply with 2 CFR 200 Uniform Administrative Requirements and maintain accurate inventory data in HUD's Information Management System.