Federal Grant Award Summary

The U.S. Department of Housing and Urban Development's Public and Indian Housing Office awarded the Guntersville Housing Authority $1,123,292 through the Public Housing Capital Fund (CFDA 14.872) on April 1, 2026, with an ultimate completion date of March 31, 2030. This formula-based grant supports capital and management activities essential to maintaining and improving public housing infrastructure in Guntersville, Alabama. The funding enables the Housing Authority to undertake modernization and development activities, including construction and rehabilitation of housing units, physical infrastructure upgrades, energy efficiency enhancements, and emergency repairs to its public housing inventory.

The Capital Fund grant represents part of HUD's annual formula allocation to approximately 2,770 Public Housing Agencies nationwide, which collectively serve nearly one million public housing units across all 50 states and territories. Permissible uses of these funds include modernization improvements, development of additional units, financing activities such as debt service payments, and management improvements in compliance with 24 CFR Part 905. The Guntersville Housing Authority must obligate and expend these funds in accordance with its approved 5-year action plan and maintain detailed budget and cost records subject to audit requirements under 2 CFR 200 (Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards).