Federal Grant Award Summary

Bond County Housing Authority received $417,513 in formula grant funding from the U.S. Department of Housing and Urban Development's (HUD) 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 deadline of March 31, 2030. This funding supports capital and management activities for public housing serving low-income residents in Bond County, Illinois.

The grant funds modernization, development, infrastructure improvements, and management enhancements to the Authority's public housing inventory. Specifically, allowable uses include construction and rehabilitation of public housing units, energy efficiency upgrades, facility improvements, emergency repairs, and related financing costs. As a formula-based allocation distributed by HUD to approximately 2,770 Public Housing Agencies (PHAs) nationwide managing nearly one million public housing units across all 50 states and territories, the award amount is calculated using established formulas reflecting inventory characteristics such as unit counts and building age rather than through competitive application processes. The Authority must maintain compliance with federal requirements including the Uniform Administrative Requirements (2 CFR 200) and submit accurate inventory data through HUD's Information Management System.