Formula Grant TX24P03550126

The Bay City Housing Authority was awarded $245,540 through the Public Housing Capital Fund (CFDA 14.872) administered by the U.S. Department of Housing and Urban Development's Public and Indian Housing Office, effective April 1, 2026 through March 31, 2030. This formula-based grant provides funding for capital and management activities designed to support the Authority's public housing portfolio serving low-income residents within its jurisdiction.

The funding supports eligible capital activities including public housing modernization, infrastructure improvements, development of additional public housing units, management improvements, and emergency repairs as specified in 24 CFR Part 905. The grant may also be utilized for financing activities such as debt service payments and customary financing costs for standard and mixed-finance developments. All capital funds must be allocated through the Authority's approved 5-Year Action Plan or reserved for HUD-approved emergency work or repairs necessitated by non-presidentially declared natural disasters. The Authority must comply with 2 CFR 200 Uniform Administrative Requirements and maintain accurate inventory data in HUD's Information Management System throughout the performance period.