Formula Grant LA48P07150126

The Town of Cottonport Housing Authority received a $171,250 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) on April 1, 2026, with a completion date of March 31, 2030. This award supports capital and management activities to maintain and improve public housing infrastructure serving low-income residents in Cottonport, Louisiana.

The Capital Fund grant enables the Housing Authority to execute modernization, infrastructure improvements, and development activities as specified in its approved 5-Year Action Plan or as authorized by HUD for emergency and disaster-related work. Permissible uses of these funds include public housing modernization, energy efficiency upgrades, facility improvements, management enhancements, and debt service payments associated with standard and mixed-finance developments. The formula-based allocation is calculated annually by HUD using characteristics of the Authority's public housing inventory, such as unit counts, building age, and construction costs, rather than through a competitive application process. As a formula grant recipient, the Authority must maintain accurate inventory data in HUD's Information Management System and comply with 2 CFR 200 Uniform Administrative Requirements for federal awards.