Princeton Housing & Redevelopment Authority

Princeton Housing & Redevelopment Authority, doing business as Oaks Apts, is a not-for-profit housing authority based in Princeton, Minnesota, that receives federal grants from the Department of Housing and Urban Development's Public and Indian Housing Office to operate and modernize public housing units. The entity acts exclusively as a grant recipient (100% of awards) and does not hold federal contracts or sit on contract vehicles.

The authority's federal footprint consists entirely of formula grants under two HUD programs. The Public Housing Operating Fund (CFDA 14.850) provides operating subsidies to cover day-to-day operational expenses, routine and preventative maintenance, anti-crime and security activities, energy costs, resident supportive services, insurance, debt service, and administrative program implementation. The Public Housing Capital Fund (CFDA 14.872) funds public housing development, modernization, management improvements, and other eligible capital activities as described in 24 CFR Part 905. Recent grants include a Capital Fund award dated May 13, 2025, with an ultimate completion date of May 12, 2029; an Operating Fund award dated January 1, 2026, running through December 31, 2032; and a Capital Fund award dated April 1, 2026, extending to March 31, 2030.

Customer concentration is monolithic: HUD's Public and Indian Housing Office accounts for all 38 awards in the source data. Oaks Apts has received two awards per year over the past five years (2022–2026), with combined dollars obligated totaling $2.3 million across the entire award portfolio. Two grants reach ultimate completion within the next twenty-four months, creating potential recompete activity in that window. The authority operates as a primary recipient rather than a subrecipient and does not engage federal contractors or subcontractors in its disclosed federal relationships.