Summary of Federal Grant Award

The Housing Authority of the City of Sherman received a Public Housing Capital Fund (CFDA 14.872) formula grant of $799,587.00 from the U.S. Department of Housing and Urban Development's Public and Indian Housing Office, effective April 1, 2026 through March 31, 2030. This award provides capital and management funding to support critical improvements and modernization activities for public housing units under Sherman Housing Authority's stewardship in Tom Bean, Texas.

The funded activities include public housing modernization, infrastructure improvements, emergency repairs, energy efficiency upgrades, and related management improvements as outlined in 24 CFR 905.200. The capital funds may be applied toward development activities that expand or reconfigure the public housing inventory, debt service payments, and customary financing costs associated with standard and mixed-finance developments. All activities must align with Sherman Housing Authority's approved 5-year action plan or receive HUD approval for emergency work, with expenditures required to conclude by March 31, 2030. The award reflects the formula-based allocation methodology characteristic of the Capital Fund program, which distributes funding to approximately 2,770 Public Housing Agencies nationwide based on inventory characteristics such as unit counts and building age rather than through competitive application processes.