Formula Grant KY36P15750126

The Floyd County Housing Authority received a $536,750 formula grant award 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), effective April 1, 2026 through March 31, 2030. This funding supports capital and management activities for public housing serving low-income residents in Floyd County, Kentucky, including modernization of existing units, development of additional public housing inventory, infrastructure improvements, and related management enhancements.

As a formula-based allocation program, the Capital Fund distributes awards to approximately 2,770 Public Housing Agencies (PHAs) nationwide based on established formulas reflecting inventory characteristics such as unit counts, building age, and construction costs, rather than through competitive application processes. Eligible activities funded under this award must be specified in an approved 5-year action plan or approved by HUD for emergency work or disaster-related repairs, and must comply with 24 CFR Part 905 requirements and 2 CFR 200 Uniform Administrative Requirements. The Floyd County Housing Authority, which has maintained consistent federal funding since 2003, will administer these capital funds directly without identified subcontractors to implement improvements within its service area.