Federal Grant Award Summary

The U.S. Department of Housing and Urban Development (HUD), through its Public and Indian Housing Office, awarded the Stephens Housing Authority a Public Housing Capital Fund (CFDA 14.872) formula grant of $157,517.00, effective April 1, 2026, with a completion date of March 31, 2030. This formula-based allocation supports capital and management activities essential to the public housing mission, including modernization, infrastructure improvements, emergency repairs, and energy efficiency upgrades to the Authority's public housing inventory. The funding enables the Stephens Housing Authority to maintain safe, sanitary, and affordable housing for low-income residents in Stephens, Arkansas, including elderly populations and families with children.

As a formula grant, the award amount was calculated by HUD based on 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. Capital Fund recipients must maintain accurate inventory data in HUD's Information Management System and comply with 2 CFR 200 Uniform Administrative Requirements. Eligible activities are limited to those specified in the Authority's approved five-year action plan or those approved by HUD for emergency work or repairs necessitated by non-presidentially declared natural disasters.