Formula Grant IL01E04450123

Award Date 2/29/24
Completion Date 2/28/26
Dollars Obligated $354K
Federal Grant Program
14.872
Assistance Type
Formula Grant
Place of Performance
Pekin, IL, USA
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This $354,081 Formula Grant award from the U.S. Department of Housing and Urban Development (HUD) under the Public Housing Capital Fund Program (CFDA 14.872) provides funding to the Pekin Housing Authority in Pekin, Illinois. The grant, awarded on February 29, 2024, will support the development, modernization, and operation of public housing units managed by the authority over the 2-year performance period through February 28, 2026.

The grant funds will enable the Pekin Housing Authority to undertake a range of eligible capital and management activities related to its public housing portfolio. This includes construction, rehabilitation, demolition, and reconfiguration of housing units, as well as operational and maintenance expenses to ensure the units meet federal safety and livability standards. The long-term nature of the funding allows the authority to engage in comprehensive planning and implementation of upgrades and improvements to preserve and enhance its affordable housing inventory for low-income residents in the Pekin community.

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