Formula Grant IL01P01550126

The Madison County Housing Authority received $585,792.00 in formula grant funding from the U.S. Department of Housing and Urban Development's Public and Indian Housing Office under the Public Housing Capital Fund program (CFDA 14.872), with an award date of April 1, 2026, and a completion date of March 31, 2030. This funding supports capital and management activities for public housing, including modernization, development, infrastructure improvements, and financing activities for the authority's public housing inventory serving low-income residents across Madison County, Illinois.

Under this four-year funding period, the Madison County Housing Authority will utilize the capital funds for eligible activities as specified in its approved 5-year action plan or for emergency work, consistent with federal regulations. Primary activities supported through this allocation include public housing modernization and development activities, along with related management improvements and financing costs necessary to maintain and enhance the authority's housing stock. The formula-based allocation reflects characteristics of the authority's public housing inventory, such as unit counts and building age, enabling the housing authority to address critical capital needs without requiring a competitive application process.