Federal Grant Award Summary

The Albany Housing Authority received a $960,345 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 (CFDA 14.872) program, effective April 1, 2026 through March 31, 2030. This funding supports capital and management activities for public housing modernization, infrastructure improvements, and development initiatives serving the Albany, Georgia area. The grant enables the Housing Authority to undertake eligible activities including facility modernization, emergency repairs, energy efficiency upgrades, and debt service payments for its public housing portfolio, as specified in 24 CFR Part 905 and the agency's approved 5-year action plan.

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 public housing units across all 50 states and territories. The Albany Housing Authority must maintain accurate public housing inventory data in HUD's Information Management System and comply with 2 CFR 200 Uniform Administrative Requirements. Grant obligations must be expended by the March 31, 2030 completion date, with all capital activities and expenditures subject to HUD oversight and independent audit requirements.