Federal Grant Award Summary

The Watertown Housing Authority received a $227,065 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 program (CFDA 14.872), effective April 1, 2026 through March 31, 2030. This funding supports capital and management activities for public housing in Watertown, South Dakota, including modernization, infrastructure improvements, and development of public housing units. As a Public Housing Agency (PHA), Watertown Housing Authority will deploy these funds to maintain safe and sanitary living conditions for low-income residents through eligible activities specified in its five-year action plan or as approved by HUD for emergency work.

The Public Housing Capital Fund operates as a formula-based allocation program rather than a competitive grant program, with awards calculated annually based on PHA inventory characteristics such as unit counts, building age, and construction costs. The funding may be used for development activities that add to or reconfigure the housing inventory, modernization of existing units, financing activities including debt service, and management improvements. Watertown Housing Authority, as a direct implementer of these grant activities, maintains compliance with 2 CFR 200 Uniform Administrative Requirements and is subject to HUD audit requirements in conjunction with regular PHA operations audits.