Summary of Federal Grant Award

The Marksville Housing Authority received a $543,897 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 program (CFDA 14.872), effective April 1, 2026, through March 31, 2030. This funding supports capital and management activities for public housing operations serving low-income residents in Marksville, Louisiana. The Capital Fund provides financial assistance to approximately 2,770 Public Housing Agencies (PHAs) nationwide managing nearly one million housing units to carry out eligible capital improvements and modernization activities.

Under this award, the Marksville Housing Authority will utilize funds for eligible activities as defined in 24 CFR Part 905, with primary focus on public housing modernization, development, infrastructure improvements, and management enhancements. Permissible uses include construction and acquisition of additional public housing units, rehabilitation and energy efficiency upgrades, emergency repairs, demolition and reconfiguration of existing units, and financing activities including debt service payments. All activities must align with the agency's approved five-year action plan or receive HUD approval for emergency work or disaster-related repairs. The funding is allocated through a formula-based calculation reflecting the PHA's inventory characteristics such as unit counts, building age, and construction costs rather than through competitive application processes.