Formula Grant AL09P06350126

The Housing Authority City of Oneonta received a $448,135 formula grant award from the U.S. Department of Housing and Urban Development's (HUD) Public and Indian Housing Office under the Public Housing Capital Fund program (CFDA 14.872), effective April 1, 2026, through March 31, 2030. This funding supports capital and management activities for public housing modernization, development, and infrastructure improvements serving low-income residents in Oneonta, Alabama. The grant enables the Housing Authority to carry out eligible activities including physical modernization of existing public housing units, development or acquisition of additional housing inventory, management improvements, emergency repairs, and financing activities as outlined in 24 CFR Part 905.

As a formula-based allocation rather than a competitive grant, the award amount was calculated by HUD using established formulas reflecting the Housing Authority's public housing inventory characteristics, such as unit counts and building age. The Housing Authority must utilize these capital funds exclusively for activities specified in an approved five-year action plan or for emergency work and repairs related to non-presidentially declared natural disasters. The funding supports the Housing Authority's ongoing responsibility to develop, manage, and maintain safe, sanitary, and affordable housing options for families, elderly individuals, and persons with disabilities within its service area.