Formula Grant IL01P01650126

The Quincy Housing Authority received a $1,211,030 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), effective April 1, 2026, through March 31, 2030. This award supports capital and management activities at the Quincy Housing Authority's public housing portfolio in Quincy, Illinois, including modernization of existing units, infrastructure improvements, development activities that expand the public housing inventory, and financing costs associated with standard and mixed-finance developments. The Capital Fund allocation is calculated using a federally-established formula based on the housing authority's inventory characteristics, such as unit counts, building age, and construction costs, rather than through competitive application.

Under this award, the Quincy Housing Authority will utilize the capital funds for eligible activities specified in its approved 5-Year Action Plan or emergency work as needed. Permissible uses encompass modernization of existing public housing stock, development or acquisition of additional units, management improvements, and related capital costs that enhance the quality and sustainability of affordable housing for low-income residents, elderly individuals, and persons with disabilities served by the authority. The funds must comply with 2 CFR 200 Uniform Administrative Requirements and be obligated by the deadline specified in the grant agreement, with all expenditures completed by the March 31, 2030 ultimate completion date.