Federal Grant Award Summary

The U.S. Department of Housing and Urban Development's Public and Indian Housing Office awarded Richmond Redevelopment and Housing Authority (RRHA) $14,676,275 under the Public Housing Capital Fund (CFDA 14.872) formula grant, effective April 1, 2026, through March 31, 2030. This funding supports capital and management activities for public housing modernization, development, and infrastructure improvements serving low-income residents throughout the Richmond metropolitan area. The Capital Fund award enables RRHA to conduct eligible activities including construction, rehabilitation, acquisition of additional public housing units, and related development costs that add to or significantly reconfigure the agency's public housing inventory.

In addition to development activities, the funding may support management improvements and financing activities such as debt service payments and customary financing costs associated with standard and mixed-finance public housing developments. As a formula-based allocation calculated by HUD using established criteria such as unit counts, building age, and construction costs, this award reflects RRHA's public housing portfolio characteristics rather than a competitive application process. RRHA must maintain accurate public housing inventory data in HUD's Information Management System and comply with applicable federal requirements under 2 CFR 200, with all funded activities subject to HUD audit requirements.