Formula Grant LA48P04450126

The Housing Authority of the City of Thibodaux received a $1,077,145 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 program (CFDA 14.872). The award, effective April 1, 2026 through March 31, 2030, supports capital and management activities for the authority's public housing portfolio. Authorized funds may be applied toward public housing modernization, infrastructure improvements, development activities that expand or reconfigure housing units, emergency repairs, energy efficiency upgrades, and financing costs associated with standard and mixed-finance developments serving low-income residents.

As a formula-based allocation program, the Capital Fund distributes resources to approximately 2,770 Public Housing Agencies (PHAs) nationwide managing nearly one million units across all 50 states and territories. Thibodaux Housing Authority's award reflects its eligible activities as described in 24 CFR Part 905 and approved within the authority's five-year action plan. The authority must comply with 2 CFR 200 Uniform Administrative Requirements, maintain accurate inventory data in HUD's Information Management System, and ensure all obligated funds are expended by the March 31, 2030 deadline. This recurring annual allocation enables the housing authority to execute essential capital improvements and modernization efforts to maintain safe, decent, and sanitary housing for vulnerable low-income populations throughout its service area.