Formula Grant TX59P25950126

The Housing Authority of the City of Bastrop received a $132,899 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) program, effective April 1, 2026, through March 31, 2030. This funding supports capital and management activities essential to maintaining and improving public housing infrastructure serving low-income residents in Bastrop, Texas. Eligible uses of these funds include modernization and rehabilitation of existing public housing units, development and acquisition of additional units, emergency repairs, financing activities such as debt service payments, and customary financing costs for standard and mixed-finance developments.

As a formula-based allocation program, the Public Housing Capital Fund distributes resources to approximately 2,770 Public Housing Agencies nationwide managing nearly one million units across all states and territories. Awards are calculated annually based on established formulas reflecting each agency's public housing inventory characteristics, including unit counts, building age, and construction costs, rather than through competitive application processes. The Housing Authority of the City of Bastrop, as the prime grant recipient, must maintain compliance with 2 CFR 200 Uniform Administrative Requirements, accurately document all expenditures and budgets for HUD review, and certify its public housing inventory information in HUD's Information Management System to maintain eligibility for continued funding.