Summary of Federal Grant Award

The U.S. Department of Housing and Urban Development's Public and Indian Housing Office awarded Coles County Housing Authority a Public Housing Capital Fund (CFDA 14.872) formula grant of $564,360.00, effective April 1, 2026, through March 31, 2030. This award supports capital and management activities for the authority's public housing portfolio serving low-income residents in Coles County, Illinois. The funding may be applied toward modernization, infrastructure improvements, emergency repairs, energy efficiency upgrades, development of public housing units, and financing activities including debt service payments for public housing developments, as specified in the authority's approved 5-Year Action Plan or as approved by HUD for emergency work.

As a formula-based allocation program, the Public Housing Capital Fund distributes annual funding to approximately 2,770 Public Housing Agencies nationwide managing nearly one million units across all 50 states and territories. Awards are calculated based on established formulas reflecting each agency's public housing inventory characteristics, including unit counts, building age, and construction costs. Coles County Housing Authority must comply with 2 CFR 200 Uniform Administrative Requirements, maintain accurate inventory data in HUD's Information Management System, and adhere to obligation and expenditure deadlines established by the award terms.