Federal Grant Award Summary

The U.S. Department of Housing and Urban Development (HUD), through its Public and Indian Housing Office, awarded the Alma Housing Authority a formula grant of $876,921.00 under the Public Housing Capital Fund (CFDA 14.872) for the performance period of April 1, 2026, through March 31, 2030. This formula-based allocation supports capital and management activities essential to maintaining and improving public housing infrastructure and services for low-income residents.

The funding enables the Alma Housing Authority to undertake eligible capital activities including public housing modernization, development, infrastructure improvements, emergency repairs, and management enhancements as specified in the authority's approved five-year action plan and 24 CFR Part 905. The Capital Fund may also support financing activities such as debt service payments and customary financing costs for public housing developments. As a direct recipient administering these federal funds for its local jurisdiction, the Alma Housing Authority is required to maintain accurate inventory data, comply with 2 CFR 200 Uniform Administrative Requirements, and submit annual certifications to HUD documenting the public housing inventory information used in the formula calculation.