Formula Grant AR56P05550126

The Dardanelle Housing Authority received a $242,005 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 (CFDA 14.872), effective April 1, 2026, through March 31, 2030. This funding supports capital and management activities for public housing serving low-income residents in Dardanelle, Arkansas, including modernization, infrastructure improvements, development, emergency repairs, energy efficiency upgrades, and financing activities such as debt service payments for public housing units.

As a formula-based allocation program, the Public Housing Capital Fund calculates award amounts annually based on established formulas reflecting inventory characteristics such as unit counts, building age, and construction costs, rather than through competitive application processes. The Dardanelle Housing Authority must utilize these capital funds exclusively for eligible activities specified in its approved 5-year action plan or for HUD-approved emergency work, and must maintain compliance with the Uniform Administrative Requirements under 2 CFR 200, including accurate inventory documentation in HUD's Information Management System.