Formula Grant TN37P06050126

The Newport Housing Authority received a $1,283,059 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 Authority's public housing inventory, including modernization, infrastructure improvements, development of additional housing units, and emergency repairs to existing properties. The funding may be allocated toward eligible activities specified in the Authority's approved 5-year action plan or for emergency work and repairs necessitated by natural disasters, in accordance with 24 CFR Part 905.

As a formula-based allocation program, the Capital Fund distributes annual grants to Public Housing Agencies nationwide based on established formulas reflecting inventory characteristics such as unit counts, building age, and construction costs. The Newport Housing Authority must obligate and expend these funds in compliance with 2 CFR 200 Uniform Administrative Requirements and maintain accurate inventory data in HUD's Information Management System. The funds support the Authority's core mission of providing safe, affordable housing and essential services to low-income residents in Newport, Tennessee.