Formula Grant AR56P03950126

The U.S. Department of Housing and Urban Development's Public and Indian Housing Office awarded the Wynne Housing Authority a Public Housing Capital Fund (CFDA 14.872) formula grant of $225,808 on April 1, 2026, with a completion date of March 31, 2030. This funding supports capital and management activities for the Wynne Housing Authority's public housing portfolio in Wynne, Arkansas, including modernization, development, and infrastructure improvements to existing housing units. The Capital Fund enables the authority to execute eligible activities outlined in its approved 5-Year Action Plan or HUD-approved emergency work, focusing on enhancing the quality and functionality of affordable housing assets serving low-income residents.

As a formula-based allocation rather than a competitive grant, this award is calculated using established metrics reflecting the authority's public housing inventory characteristics, such as unit counts and building age. The Wynne Housing Authority must obligate and expend these funds in accordance with 2 CFR 200 Uniform Administrative Requirements and maintain accurate records of all capital fund activities for HUD and independent auditor review. The authority's use of these funds is restricted to eligible activities as defined in 24 CFR Part 905, with any work outside the approved plan requiring HUD authorization.