Federal Formula Grant Award Summary

The Granite City Housing Authority received $988,266 in federal funding through the Public Housing Capital Fund (CFDA 14.872), administered by the U.S. Department of Housing and Urban Development's Public and Indian Housing Office. The award, effective April 1, 2026, through March 31, 2030, supports capital and management activities for public housing serving low-income residents in Mitchell, Illinois. Funds allocated under this formula grant are designated for modernization, development, infrastructure improvements, and related eligible activities as specified in 24 CFR Part 905 and outlined in the Housing Authority's approved 5-year action plan.

The Public Housing Capital Fund operates as a formula-based allocation program calculated using inventory characteristics such as unit counts, building age, and construction costs, rather than through competitive application processes. Grant recipients utilize these funds for major capital activities including modernization of existing public housing units, acquisition and development of additional housing inventory, infrastructure upgrades, energy efficiency enhancements, emergency repairs, and financing activities such as debt service payments. The Granite City Housing Authority must maintain accurate public housing inventory data in HUD's Information Management System, comply with 2 CFR 200 Uniform Administrative Requirements, and track cumulative costs for HUD review and independent audit, with expenditures required to be completed by the March 31, 2030 deadline.