Formula Grant IL01P01150126

The Housing Authority of City of Danville received a $2,192,923 formula grant award from the U.S. Department of Housing and Urban Development's Public and Indian Housing Office under the Public Housing Capital Fund (CFDA 14.872) program. The award, effective April 1, 2026, through March 31, 2030, funds capital and management activities essential to modernizing and maintaining the agency's public housing inventory in Danville, Illinois. Eligible uses of these funds include modernization and rehabilitation of existing public housing units, development and construction of additional units, infrastructure improvements, energy efficiency upgrades, equipment procurement, and financing activities such as debt service payments for standard and mixed-finance developments.

As a formula-based allocation rather than a competitive grant, the funding amount was calculated by HUD using established formulas that reflect the Housing Authority's public housing inventory characteristics, including unit counts, building age, and construction costs. The Capital Fund supports the agency's core mission of providing decent, safe, and affordable housing to low-income families, elderly individuals, and persons with disabilities. All funded activities must align with the Housing Authority's approved 5-Year Action Plan or be approved by HUD for emergency work or disaster-related repairs, and must comply with eligible activities specified in 24 CFR Part 905 and 2 CFR 200 Uniform Administrative Requirements.