Formula Grant IL01P04550126

The Housing Authority of Pulaski County received a $382,019 formula grant award from the U.S. Department of Housing and Urban Development (HUD), Public and Indian Housing Office, under the Public Housing Capital Fund (CFDA 14.872) effective April 1, 2026 through March 31, 2030. This funding supports capital and management activities for public housing serving low-income residents in Mounds, Illinois, including modernization, infrastructure improvements, development of public housing units, and financing activities such as debt service payments for standard and mixed-finance developments.

As a formula-based allocation program, the Public Housing Capital Fund distributes annual funding to approximately 2,770 Public Housing Agencies (PHAs) nationwide managing nearly one million public housing units across all 50 states and territories. The Housing Authority of Pulaski County, as a direct prime recipient, will utilize these funds exclusively for eligible activities specified in its approved 5-Year Action Plan or for emergency work, consistent with 24 CFR Part 905 regulations. The authority must maintain accurate inventory data in HUD's Information Management System and comply with 2 CFR 200 Uniform Administrative Requirements, with funds subject to audit in conjunction with regular PHA operations audits.