Summary of Federal Grant Award

The Low Rent Housing Agency Red Oak (operating as Acorn Acres Division) received a Public Housing Capital Fund (CFDA 14.872) formula grant award of $126,033 from the U.S. Department of Housing and Urban Development's Public and Indian Housing Office, effective April 1, 2026, with a completion date of March 31, 2030. This award supports capital and management activities for public housing serving low-income residents in Red Oak, Iowa, including modernization, infrastructure improvements, emergency repairs, and energy efficiency upgrades to the agency's public housing inventory.

Under this formula-based allocation program, Acorn Acres will utilize the awarded funds for eligible capital activities as defined in 24 CFR 905.200, which may include development, construction, rehabilitation, and financing-related costs for public housing units. The agency is required to maintain accurate inventory data in HUD's Information Management System and comply with the Uniform Administrative Requirements outlined in 2 CFR 200. No competitive application process is required for this award, as allocations are determined through HUD's established formula methodology based on public housing inventory characteristics such as unit counts, building age, and construction costs.