Federal Grant Award Summary

The Housing Authority of the City of Magnolia received $465,561 in formula grant funding from the U.S. Department of Housing and Urban Development's (HUD) Public and Indian Housing Office under the Public Housing Capital Fund program (CFDA 14.872). The award, dated April 1, 2026, with a performance period extending through March 31, 2030, supports capital and management activities for public housing in Magnolia, Arkansas. Under this program, the Housing Authority utilizes capital funds to modernize existing public housing units, develop additional housing inventory, conduct infrastructure upgrades and emergency repairs, implement management improvements, and finance standard and mixed-finance development activities. These activities directly serve low-income residents and vulnerable populations within the Magnolia community.

The Public Housing Capital Fund operates as a formula-based allocation program in which HUD calculates annual awards based on established formulas reflecting each Public Housing Agency's inventory characteristics, including unit counts, building age, and construction costs. The Housing Authority of the City of Magnolia, one of approximately 2,770 PHAs nationwide managing nearly one million public housing units across all 50 states and territories, must comply with 2 CFR 200 Uniform Administrative Requirements and maintain accurate inventory data in HUD's Information Management System. Capital funds must be obligated by March 31, 2030, and may only be expended for eligible activities specified in an approved five-year action plan or emergency work approved by HUD.