Summary of Federal Grant Award

The U.S. Department of Housing and Urban Development's Public and Indian Housing Office awarded the Malvern Housing Authority a Public Housing Capital Fund (CFDA 14.872) formula grant of $521,598.00, effective April 1, 2026 through March 31, 2030. This funding supports capital and management activities to maintain and improve the agency's public housing portfolio serving low-income families, elderly individuals, and persons with disabilities in Malvern, Arkansas. Eligible uses of the capital funds include public housing modernization, development, rehabilitation, emergency repairs, energy efficiency upgrades, and infrastructure improvements to the agency's housing units.

Under this formula-based allocation, the Malvern Housing Authority will utilize the capital funds to perform development activities that expand or reconfigure public housing units in its inventory, modernization efforts that address deterioration and obsolescence, and financing activities including debt service payments for standard and mixed-finance developments. The award is calculated using HUD's established formula reflecting the agency's public housing inventory characteristics rather than through competitive application, and the recipient must comply with 2 CFR 200 Uniform Administrative Requirements and maintain accurate inventory data in HUD's Information Management System. The funding is designed to preserve and enhance the agency's affordable housing stock and ensure adequate capital reserves for long-term property sustainability.