Formula Grant KY36P04850126

The Housing Authority of Monticello received $347,841 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 (CFDA 14.872) program, effective April 1, 2026, through March 31, 2030. This funding supports capital and management activities for public housing in Monticello, Kentucky, including modernization, development, infrastructure improvements, and emergency repairs to the organization's public housing inventory. The Capital Fund also permits use of these funds for financing activities such as debt service payments and customary financing costs associated with public housing developments.

The formula-based allocation reflects the Housing Authority's public housing characteristics, including unit counts, building age, and construction costs. Eligible activities must align with an approved 5-year action plan or be designated as emergency work or repairs necessitated by non-presidentially declared natural disasters, as specified in 24 CFR Part 905. These capital improvements enable the Housing Authority to maintain decent, safe, and sanitary housing for low-income residents, including elderly individuals and families with children, while ensuring compliance with HUD's Uniform Administrative Requirements under 2 CFR 200.