Formula Grant KY36P06350126

The Housing Authority of Bowling Green received a $2,097,561 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 capital and management activities for public housing, including modernization, infrastructure improvements, development of additional housing units, emergency repairs, energy efficiency upgrades, and financing activities such as debt service payments. The grant enables the Housing Authority to maintain and enhance its public housing inventory in Bowling Green, Kentucky, serving low-income families, elderly individuals, and persons with disabilities.

As a formula-based allocation program, the Capital Fund distributes resources 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. The Housing Authority must utilize these funds only for eligible activities specified in its five-year action plan or for HUD-approved emergency work and disaster-related needs, as outlined in 24 CFR 905.200. All expenditures must comply with 2 CFR 200 Uniform Administrative Requirements and be supported by maintained budgets and cumulative cost records subject to HUD and independent auditor review.