Federal Grant Award Summary

The Parkin Housing Authority received a Public Housing Capital Fund (CFDA 14.872) formula grant award of $167,436 from the U.S. Department of Housing and Urban Development's Public and Indian Housing Office, effective April 1, 2026, through March 31, 2030. This funding supports capital and management activities for public housing modernization, development, and infrastructure improvements serving low-income residents in Parkin, Arkansas. Eligible uses of these funds include construction and acquisition of public housing units, rehabilitation work, emergency repairs, energy efficiency upgrades, and management improvements as specified in the PHA's approved five-year action plan or HUD-approved emergency work.

As a formula-based allocation program, the Public Housing Capital Fund distributes annual grants to approximately 2,770 PHAs nationwide managing nearly one million public housing units across all 50 states and territories. Awards are calculated using established formulas reflecting inventory characteristics such as unit counts, building age, and construction costs rather than through competitive application processes. The Parkin Housing Authority must obligate and expend these funds in compliance with 2 CFR 200 Uniform Administrative Requirements, maintain accurate inventory records in HUD's Information Management System, and submit to regular audits in conjunction with PHA operations.