Formula Grant VA36P02050126

The Petersburg Redevelopment and Housing Authority (PRHA) received a $1.32 million 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 program (CFDA 14.872), effective April 1, 2026 through March 31, 2030. This award supports capital and management activities for PRHA's public housing portfolio serving low-income residents in Petersburg, Virginia. Eligible uses of Capital Fund resources include modernization and infrastructure improvements to existing public housing units, development and acquisition of additional affordable housing inventory, management improvements, emergency repairs, energy efficiency upgrades, and financing activities including debt service payments.

PRHA, as a Public Housing Agency (PHA), administers these federal funds to carry out activities specified in its approved five-year action plan or HUD-approved emergency work as defined in 24 CFR Part 905. The Capital Fund operates on a formula-based allocation methodology calculated annually by HUD using characteristics of PRHA's public housing inventory, such as unit counts, building age, and construction costs. PRHA must maintain accurate inventory data in HUD's Information Management System and comply with federal administrative requirements under 2 CFR 200, with obligation of funds required by March 31, 2030 and all expenditures completed thereafter.