Summary of Federal Formula Grant Award

The Greater Gadsden Housing Authority received a $3.32 million formula grant from the U.S. Department of Housing and Urban Development (HUD), Public and Indian Housing Office, under the Public Housing Capital Fund (CFDA 14.872) effective April 1, 2026, through March 31, 2030. This award supports capital improvements, modernization, development, and management activities for public housing units serving low-income residents in Gadsden, Alabama. Eligible uses of funds include infrastructure improvements, emergency repairs, energy efficiency upgrades, development or reconfiguration of public housing units, and financing activities such as debt service payments for both standard and mixed-finance developments.

As a formula-based allocation rather than a competitive grant, this award reflects the Housing Authority's established public housing inventory characteristics including unit count, building age, and construction costs. The funds must be obligated in accordance with the Authority's HUD-approved five-year action plan and expended by the ultimate completion date, with compliance required under 2 CFR Part 200 Uniform Administrative Requirements. The award directly supports the Housing Authority's core mission of providing affordable housing solutions and maintaining approximately 1.59 million public housing units across its service area.