Federal Grant Award Summary

The Lake City Housing Authority received a formula grant award of $123,686 from the U.S. Department of Housing and Urban Development's (HUD) 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 Lake City, Arkansas, including modernization, infrastructure improvements, development, and emergency repairs to the Authority's housing portfolio. The Capital Fund allocation is calculated using an established formula based on characteristics of the Authority's public housing inventory, such as unit counts, building age, and construction costs, rather than through a competitive application process.

The Lake City Housing Authority will utilize these federal funds to carry out eligible activities as defined in 24 CFR Part 905, which may include public housing modernization, development of additional housing units, management improvements, infrastructure financing, and emergency or disaster-related work. All Capital Fund expenditures must be documented in an approved 5-Year Action Plan or receive HUD approval for emergency activities. The Authority must maintain accurate inventory data in HUD's Information Management System and comply with applicable federal audit and administrative requirements under 2 CFR 200 throughout the four-year performance period.