Formula Grant AL09P07350126

The Ozark Housing Authority received a $1,407,673 formula grant award from the U.S. Department of Housing and Urban Development's Public and Indian Housing Office under the Public Housing Capital Fund (CFDA 14.872), effective April 1, 2026 through March 31, 2030. The Capital Fund provides annual allocations to Public Housing Agencies nationwide to support capital improvements, modernization, and development activities for low-income public housing units. Under this award, the Ozark Housing Authority will utilize the federal funding for eligible capital activities as defined in 24 CFR 905.200, which may include public housing modernization, infrastructure upgrades, emergency repairs, energy efficiency improvements, management enhancements, and development or acquisition of additional public housing units within its inventory.

The award is allocated through an established formula based on characteristics of the Housing Authority's public housing inventory rather than through a competitive application process. The funding must be obligated by March 31, 2029, with full expenditure required by March 31, 2030. All activities must be either specified in an approved five-year action plan or approved by HUD for emergency or disaster-related work. The Ozark Housing Authority maintains ongoing certification of its public housing inventory in HUD's Information Management System to ensure continued eligibility for Capital Fund allocations and must comply with federal audit requirements under 2 CFR 200.