Formula Grant AR56P09950126

The Forrest City Housing Authority received a formula grant award of $1,193,384 from the U.S. Department of Housing and Urban Development's Public and Indian Housing Office under the Public Housing Capital Fund (CFDA 14.872), effective April 1, 2026, through March 31, 2030. This award enables the authority to undertake capital and management activities that enhance and expand its public housing inventory serving low-income residents in Forrest City, Arkansas. Eligible uses of these funds include modernization and development of public housing units, infrastructure upgrades, energy efficiency improvements, emergency repairs, and management improvements in accordance with 24 CFR Part 905.

As a formula-based allocation program, the Public Housing Capital Fund distributes annual grants to approximately 2,770 Public Housing Agencies nationwide managing nearly one million units across all 50 states and territories. The Forrest City Housing Authority's award is calculated using established formulas reflecting characteristics of its public housing inventory, such as unit counts, building age, and construction costs, rather than through competitive application processes. Funds must be obligated by the deadline specified in the award and expended in accordance with the authority's approved 5-Year Action Plan or for HUD-approved emergency work, with compliance required under 2 CFR Part 200 Uniform Administrative Requirements and Audit Requirements for Federal Awards.