Faribault Housing And Redevelopment Authority

Faribault Housing And Redevelopment Authority, doing business as City Of Faribault, is a U.S. local government entity and housing authority registered to receive federal awards since April 2009. As a public housing agency, it primarily provides affordable housing services and community development programs for low-income residents in Faribault, Minnesota. The authority receives grant funding from the U.S. Department of Housing and Urban Development (HUD) to support its mission of developing, maintaining, and managing public housing units while ensuring safe, decent, and sanitary living conditions for vulnerable populations in the local community.

The authority consistently receives formula grants through two main HUD programs: the Public Housing Capital Fund and the Public Housing Operating Fund. Under the Capital Fund program, Faribault Housing And Redevelopment Authority receives annual grants to support the development, modernization, and financing of public housing units. These funds are used for activities such as major renovations, new construction, demolition, energy efficiency upgrades, and management improvements. The Operating Fund grants provide financial assistance for day-to-day operational costs, maintenance, and delivery of affordable housing services. Both programs aim to improve and maintain the quality of public housing, with recent grant awards ranging from approximately $106,000 to $107,000 annually. The performance periods for these grants typically span multiple years, allowing for long-term planning and implementation of housing initiatives in the Faribault community.