Formula Grant SC16P03150126

The Housing Authority of Cheraw received $928,868 in formula grant funding from the U.S. Department of Housing and Urban Development's 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 capital and management activities for the agency's public housing portfolio serving low-income residents in Cheraw, South Carolina.

The funding enables the Housing Authority of Cheraw to undertake critical capital improvements including modernization of existing public housing units, infrastructure development, energy efficiency upgrades, safety enhancements, and code compliance activities. The Capital Fund may also support financing activities such as debt service payments for mixed-finance developments. As a formula-based allocation rather than a competitive grant, the award amount is calculated using HUD's established methodology based on the authority's public housing inventory characteristics, including unit count, building age, and construction costs. All expenditures must comply with eligible activities specified in 24 CFR 905.200 and either be included in the agency's approved five-year action plan or approved by HUD for emergency or disaster-related work.