Federal Grant Award Summary

The Montgomery County Housing Authority received a $494,584 formula grant from the U.S. Department of Housing and Urban Development's (HUD) Public and Indian Housing Office under the Public Housing Capital Fund (CFDA 14.872) program, with an award date of April 1, 2026, and a completion deadline of March 31, 2030. This funding supports capital and management activities for public housing operations in Hillsboro, Illinois, including modernization, infrastructure improvements, energy efficiency upgrades, emergency repairs, and development activities that enhance or expand the Authority's public housing inventory.

The Public Housing Capital Fund is a formula-based allocation program serving approximately 2,770 Public Housing Agencies (PHAs) nationwide that collectively manage nearly one million public housing units. Rather than requiring competitive applications, funding is calculated annually by HUD using established formulas that reflect each PHA's specific characteristics, including unit counts, building age, and construction costs. As a formula grant recipient, Montgomery County Housing Authority must maintain accurate public housing inventory data in HUD's Information Management System and comply with applicable federal requirements under 2 CFR 200 regarding administrative and audit standards. The Authority may only deploy these capital funds for eligible activities specified in its approved five-year action plan or for emergency work and disaster-related repairs as approved by HUD.