Federal Formula Grant Award Summary

The Housing Authority of City Bald Knob received a $122,237 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 funding supports capital and management activities for public housing in Bald Knob, Arkansas, including modernization, infrastructure improvements, energy efficiency upgrades, and rehabilitation of existing public housing units. The Capital Fund formula allocation is calculated annually based on established metrics reflecting the agency's public housing inventory characteristics, such as unit counts, building age, and construction costs.

As a Public Housing Agency (PHA), the Housing Authority of City Bald Knob will utilize these capital funds for eligible activities specified in its approved 5-year action plan or for emergency and disaster-related work as needed. The grant enables the agency to enhance the quality and safety of public housing for low-income residents by funding physical improvements, financing activities including debt service, and management enhancements. All expenditures must comply with 2 CFR 200 Uniform Administrative Requirements, and the agency is required to maintain accurate inventory documentation in HUD's Information Management System and submit annual certifications to support the formula-based allocation methodology.