Formula Grant AL09P12550126

The Bessemer Housing Authority received a $2.56 million 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) for the period April 1, 2026, through March 31, 2030. This funding supports capital and management activities for public housing units in Bessemer, Alabama, including modernization, infrastructure rehabilitation, energy efficiency upgrades, and development activities that expand or reconfigure the agency's public housing inventory. The Capital Fund award may also be utilized for financing activities such as debt service payments and customary financing costs associated with public housing developments.

The Public Housing Capital Fund operates as a formula-based allocation program rather than a competitive grant, with awards calculated according to established formulas reflecting each Public Housing Agency's inventory characteristics including unit counts, building age, and construction costs. Eligible activities must align with the agency's approved Five-Year Action Plan or receive HUD approval for emergency work and non-presidentially declared natural disaster repairs. As a direct grant recipient, Bessemer Housing Authority administers all funded activities without sub-awardee arrangements, delivering these capital improvements to serve low-income residents in the Bessemer community.