Formula Grant AL09P16750126

The Stevenson Housing Authority received a $293,880 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 program (CFDA 14.872) effective April 1, 2026, through March 31, 2030. This funding supports capital and management activities for public housing in Stevenson, Alabama, including modernization, development, and infrastructure improvements to public housing units. The Capital Fund allows the housing authority to finance eligible activities such as construction, acquisition, emergency repairs, energy efficiency upgrades, and debt service payments associated with public housing operations, as specified in the authority's approved five-year action plan or for HUD-approved emergency work.

The Public Housing Capital Fund operates as a formula-based allocation program, with awards calculated annually based on established formulas reflecting each Public Housing Agency's inventory characteristics, including unit counts, building age, and construction costs. The Stevenson Housing Authority, as one of approximately 2,770 PHAs nationwide managing nearly one million public housing units across all 50 states and territories, must maintain accurate inventory data in HUD's Information Management System and comply with 2 CFR 200 Uniform Administrative Requirements. All capital fund expenditures must support the program's primary objective of serving low-income residents through safe, adequate, and affordable housing.