Formula Grant KY36P00250126

The Housing Authority of Covington received a $2,727,803 formula grant award from the U.S. Department of Housing and Urban Development's Public and Indian Housing Office under the Public Housing Capital Fund (CFDA 14.872), effective April 1, 2026 through March 31, 2030. This award supports capital and management activities to modernize, develop, and improve the Authority's public housing portfolio serving low-income residents in the Covington, Kentucky area. Eligible uses of the capital funds include physical infrastructure upgrades, facility modernization, development of additional public housing units, emergency repairs, energy efficiency improvements, and associated management and financing activities as specified in the federal regulations.

As a formula-based allocation rather than a competitively awarded grant, this funding is distributed to approximately 2,770 Public Housing Agencies nationwide based on established formulas reflecting each agency's inventory characteristics, including unit counts, building age, and construction costs. The Housing Authority of Covington must expend these funds in accordance with its HUD-approved 5-Year Action Plan and maintain compliance with federal administrative requirements, including accurate documentation of expenditures and participation in required audits. The four-year performance period provides sustained funding to support the Authority's ongoing capital improvement initiatives across its public housing portfolio.