Summary: Public Housing Capital Fund Award to Monticello Housing Authority

The U.S. Department of Housing and Urban Development's Public and Indian Housing Office awarded the Housing Authority of Monticello, Georgia a formula grant of $200,364.00 under the Public Housing Capital Fund (CFDA 14.872) on April 1, 2026, with a completion deadline of March 31, 2030. The funding supports capital and management activities for public housing operations, including modernization, infrastructure improvements, emergency repairs, development of additional housing units, and related financing costs for debt service. These funds enable the Housing Authority to maintain and improve its affordable housing inventory to serve low-income residents in its jurisdiction, in compliance with the U.S. Housing Act of 1937, as amended.

As a formula-based allocation program, the Public Housing Capital Fund distributes funds annually to approximately 2,770 Public Housing Agencies (PHAs) nationwide managing nearly one million units across all 50 states and territories. The formula calculation is based on characteristics of the PHA's public housing inventory, including unit counts, building age, and construction costs, rather than competitive application processes. Eligible activities must be specified in the PHA's approved five-year action plan or approved by HUD for emergency or disaster-related work, with all expenditures governed by 2 CFR 200 Uniform Administrative Requirements and compliance with HUD's Information Management System documentation and reporting requirements.