Federal Grant Award Summary

The U.S. Department of Housing and Urban Development (HUD), through its Public and Indian Housing Office, awarded Mount Vernon Housing Authority $101,640 under the Public Housing Capital Fund (CFDA 14.872) formula grant program, effective April 1, 2026, through March 31, 2030. This funding supports capital and management activities essential to maintaining and improving public housing infrastructure serving low-income residents in Mount Vernon, Kentucky. The Capital Fund allocation enables the housing authority to conduct modernization activities, infrastructure improvements, emergency repairs, energy efficiency upgrades, and development of additional public housing units, as specified in the authority's approved 5-year action plan or HUD-approved emergency work initiatives.

As a formula-based allocation rather than a competitive grant, the award amount reflects Mount Vernon Housing Authority's public housing inventory characteristics, including unit count, building age, and construction cost indices. The funding must be used exclusively for eligible capital activities as defined in 24 CFR 905.200 and aligns with HUD's broader commitment to serving approximately 2,770 Public Housing Agencies nationwide managing nearly one million units across all 50 states and territories. The authority remains subject to 2 CFR 200 compliance requirements and must maintain accurate inventory documentation in HUD's Information Management System throughout the award period.