Federal Grant Award Summary

The Housing Authority of Kokomo received a $496,533 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), effective April 1, 2026 through March 31, 2030. This funding supports critical capital and management activities for public housing operations in Kokomo, Indiana, including modernization of existing units, infrastructure improvements, emergency repairs, energy efficiency upgrades, and development activities that expand or reconfigure the agency's public housing inventory.

As a formula-based allocation program, the Capital Fund distributes awards to approximately 2,770 Public Housing Agencies (PHAs) nationwide managing nearly one million units based on established formulas reflecting inventory characteristics such as unit counts, building age, and construction costs, rather than through competitive application processes. The Housing Authority of Kokomo must utilize these funds exclusively for eligible activities specified in 24 CFR Part 905 and documented in its approved 5-Year Action Plan, with all expenditures subject to HUD audit requirements and the Uniform Administrative Requirements outlined in 2 CFR 200.