Summary of Federal Grant Award

The McCrory Housing Authority received $116,952.00 in formula grant funding from the U.S. Department of Housing and Urban Development (HUD), Public and Indian Housing Office, under the Public Housing Capital Fund (CFDA 14.872). The award, effective April 1, 2026, through March 31, 2030, supports capital and management activities for public housing operations serving low-income residents in McCrory, Arkansas. Funds may be applied toward modernization, infrastructure improvements, emergency repairs, energy efficiency upgrades, development of additional housing units, and financing activities including debt service payments for standard and mixed-finance developments.

The Capital Fund operates as a formula-based allocation program distributed annually to approximately 2,770 Public Housing Agencies (PHAs) nationwide managing nearly one million public housing units across all 50 states and territories. Award amounts are calculated using established formulas reflecting each PHA's inventory characteristics—such as unit counts, building age, and construction costs—rather than through competitive application processes. Recipients must maintain accurate public housing inventory data in HUD's Information Management System and comply with 2 CFR 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.