Formula Grant LA48P00650126

The Monroe Housing Authority received a $5.82 million formula grant award from the U.S. Department of Housing and Urban Development (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 serving low-income residents in Monroe, Louisiana, with primary focus on modernization, infrastructure improvements, development of additional housing units, emergency repairs, and energy efficiency upgrades to the Authority's inventory of affordable housing units.

The Capital Fund allocation enables the Monroe Housing Authority to conduct eligible capital activities specified in its HUD-approved five-year action plan, including construction, acquisition, and rehabilitation of public housing units, as well as financing activities such as debt service payments for standard and mixed-finance developments. As a formula-based allocation rather than a competitive grant, this award reflects the Authority's inventory characteristics including unit counts and building age. All expenditures must comply with 2 CFR Part 200 Uniform Administrative Requirements, with funds obligated by March 31, 2030 and expended according to HUD-established timelines.