Summary: Public Housing Capital Fund Award to Waelder Housing Authority

The U.S. Department of Housing and Urban Development's Public and Indian Housing Office awarded $132,955 in Public Housing Capital Fund (CFDA 14.872) formula grant funding to the Waelder Housing Authority, effective April 1, 2026, through March 31, 2030. The award supports capital and management activities for public housing development and modernization serving low-income residents in Waelder, Texas. Eligible uses of capital funds include modernization and infrastructure improvements to the authority's public housing inventory, development activities that add to or reconfigure housing units, management improvements, emergency repairs, energy efficiency upgrades, and financing activities such as debt service payments on mixed-finance developments.

As a formula-based allocation program, the Public Housing Capital Fund distributes annual funding to approximately 2,770 Public Housing Agencies nationwide based on inventory characteristics including unit counts, building age, and construction costs, rather than through competitive application processes. The Waelder Housing Authority must obligate funds according to HUD requirements and use capital resources exclusively for eligible activities specified in 24 CFR 905.200, either through an approved five-year action plan or emergency work approvals. All expenditures must comply with 2 CFR 200 Uniform Administrative Requirements, and the authority is required to maintain accurate public housing inventory data and certify this information annually to HUD.