Formula Grant KY36P09950126

The Franklin Housing Authority received $362,756 in formula grant funding 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). This award, effective April 1, 2026, through March 31, 2030, supports capital and management activities designed to maintain and improve public housing units serving low-income residents in Franklin, Kentucky. Eligible activities funded through this grant include public housing modernization, infrastructure upgrades, energy efficiency improvements, emergency repairs, and development activities that enhance the safety and livability of the authority's housing inventory.

As a formula-based allocation rather than a competitive grant, this funding is distributed to the Franklin Housing Authority based on established criteria reflecting its public housing inventory characteristics, including unit counts, building age, and construction costs. The authority must use these capital funds exclusively for activities specified in its HUD-approved five-year action plan or for emergency work, with all expenditures subject to compliance with 2 CFR 200 Uniform Administrative Requirements and HUD audit requirements. The grant authority must maintain accurate inventory data and budgetary records throughout the performance period and may not extend expenditure deadlines, though obligation deadlines may be extended if requested prior to expiration.