Formula Grant AR56P04450126

Federal Grant Award Summary

The Waldron Housing Authority received a $268,025 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 award supports capital and management activities necessary to modernize, develop, and maintain public housing units serving low-income residents in Waldron, Arkansas. Eligible uses of these funds include infrastructure improvements, rehabilitation projects, energy efficiency upgrades, development activities that expand or reconfigure the housing inventory, and related financing costs for both standard and mixed-finance developments.

The Public Housing Capital Fund operates as a formula-based allocation program in which funding is calculated annually by HUD based on characteristics of each Public Housing Agency's inventory, including unit counts, building age, and construction costs. Waldron Housing Authority, like the approximately 2,770 PHAs nationwide managing nearly one million public housing units, must maintain accurate inventory data in HUD's Information Management System and comply with 2 CFR 200 Uniform Administrative Requirements. All capital funds must be obligated within the specified performance period and expended in accordance with HUD-approved 5-year action plans or for emergency work, with expenditure deadlines that cannot be extended.