Formula Grant GA01P19350126

The Madison Housing Authority received a $234,418 Formula Grant award from the U.S. Department of Housing and Urban Development's (HUD) Public and Indian Housing Office under the Public Housing Capital Fund (CFDA 14.872), effective April 1, 2026, through March 31, 2030. This funding supports capital and management activities for public housing operations in Madison, Georgia, including modernization, infrastructure improvements, development of public housing units, and financing activities such as debt service payments. The Capital Fund operates on a formula-based allocation methodology that accounts for each Public Housing Agency's inventory characteristics, including unit counts, building age, and construction costs, enabling Madison Housing Authority to address critical capital needs within its housing portfolio.

The grant funds eligible activities specified in 24 CFR Part 905, which may include emergency repairs, energy efficiency upgrades, and other approved capital projects outlined in the agency's five-year action plan. Madison Housing Authority must maintain accurate inventory data in HUD's Information Management System and comply with 2 CFR Part 200 Uniform Administrative Requirements. As part of the broader Public Housing Capital Fund program serving approximately 2,770 Public Housing Agencies nationwide, this award enables Madison Housing Authority to sustain operations and undertake strategic capital improvements to serve low-income families, elderly individuals, and persons with disabilities throughout its jurisdiction.