Formula Grant IL01P04750126

The Macoupin County Housing Authority received a $1,118,413 formula grant award 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, effective April 1, 2026, through March 31, 2030. This funding supports capital and management activities for public housing units serving low-income residents in Macoupin County, Illinois, with a focus on modernization, infrastructure improvements, and development of affordable housing inventory.

The Capital Fund grant enables the Housing Authority to undertake eligible capital activities as defined in 24 CFR 905.200, including public housing modernization and development, management improvements, emergency repairs, and infrastructure upgrades. Funding may also support financing activities such as debt service payments and customary financing costs for standard and mixed-finance developments. All activities must be specified in the Authority's approved 5-year action plan or approved by HUD for emergency work. As a formula-based allocation program, this award was calculated using established formulas reflecting the Authority's public housing inventory characteristics, including unit counts, building age, and construction costs, rather than through competitive application processes.