Formula Grant AL09P19950126

The Housing Authority of the City of Valley received a Public Housing Capital Fund (CFDA 14.872) formula grant award of $182,140 from the U.S. Department of Housing and Urban Development's Public and Indian Housing Office, effective April 1, 2026, through March 31, 2030. This funding supports capital and management activities for public housing serving low-income residents in Valley, Alabama, including public housing modernization, development, rehabilitation, infrastructure improvements, energy efficiency upgrades, and emergency repairs to housing units managed by the authority.

As a formula-based allocation program, the Capital Fund award was calculated by HUD using established formulas reflecting the authority's public housing inventory characteristics—such as unit counts, building age, and construction costs—rather than through a competitive application process. The authority may use these capital funds only for eligible activities specified in its approved 5-Year Action Plan or for HUD-approved emergency work, consistent with 24 CFR Part 905 requirements. The organization must maintain accurate inventory data in HUD's Information Management System and comply with 2 CFR 200 Uniform Administrative Requirements throughout the performance period.