Federal Grant Award Summary

The Hot Springs Housing & Redevelopment Commission received a $226,246 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 supports capital and management activities for the agency's public housing inventory serving low-income residents in Hot Springs, South Dakota. Eligible uses of the Capital Fund include public housing modernization, infrastructure improvements, emergency repairs, energy efficiency upgrades, and development of additional public housing units, as well as financing activities including debt service payments for standard and mixed-finance developments.

As a formula-based allocation program, the Capital Fund distributes funds to approximately 2,770 Public Housing Agencies nationwide managing nearly one million units based on established formulas reflecting inventory characteristics such as unit counts, building age, and construction costs. The Hot Springs Housing & Redevelopment Commission, operating as a prime awardee with direct implementation responsibility, must maintain accurate public housing inventory data in HUD's Information Management System and comply with 2 CFR 200 Uniform Administrative Requirements. All funded activities must align with an approved 5-Year Action Plan or receive HUD approval for emergency work or disaster-related activities as specified in 24 CFR 905.200.