Grant Award Summary

The U.S. Department of Housing and Urban Development's Public and Indian Housing Office awarded the Cottonwood Housing Authority a Public Housing Capital Fund (CFDA 14.872) formula grant in the amount of $142,081.00, effective April 1, 2026 through March 31, 2030. This funding supports capital and management activities for public housing modernization, development, infrastructure improvements, and emergency repairs serving low-income residents in Cottonwood, Alabama. The Capital Fund formula allocation is calculated based on established metrics reflecting the authority's public housing inventory characteristics, including unit counts, building age, and construction costs.

The Cottonwood Housing Authority will utilize these capital funds for eligible activities specified in 24 CFR Part 905, including public housing development, modernization, financing activities (such as debt service payments), and management improvements. All expenditures must align with the authority's approved 5-Year Action Plan or receive HUD approval for emergency work or non-presidentially declared natural disaster repairs. As a direct recipient of HUD formula grants, the Cottonwood Housing Authority maintains responsibility for accurate inventory data certification and compliance with 2 CFR 200 Uniform Administrative Requirements and Cost Principles.