Formula Grant KY36P05650126

The Housing Authority in Springfield, Kentucky received a formula grant award of $300,985 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), effective April 1, 2026, through March 31, 2030. This funding supports capital and management activities for the Authority's public housing portfolio, including modernization, infrastructure improvements, emergency repairs, energy efficiency upgrades, and development of public housing units. The Capital Fund also enables financing activities such as debt service payments and customary financing costs associated with public housing developments.

The award represents part of HUD's annual formula-based allocation distributed to approximately 2,770 Public Housing Agencies nationwide managing nearly one million public housing units. The Housing Authority must utilize these funds exclusively for eligible activities specified in 24 CFR Part 905 and documented in an approved five-year action plan, or for emergency work and repairs necessitated by natural disasters. All expenditures must comply with 2 CFR 200 Uniform Administrative Requirements, with obligation deadlines subject to extension if requested prior to expiration, though expenditure deadlines remain fixed.