Formula Grant LA48P10250126

The Housing Authority of Lake Providence received a $449,476 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. The award funds capital and management activities to support the modernization, development, and improvement of public housing units serving low-income residents in Lake Providence, Louisiana. Eligible uses of these funds include infrastructure upgrades, energy efficiency improvements, emergency repairs, and other capital improvements necessary to ensure residents have access to decent, safe, and sanitary housing.

As a formula-based allocation program, the Capital Fund award amount is calculated by HUD using established formulas reflecting the Housing Authority's public housing inventory characteristics, such as unit counts, building age, and construction costs, rather than through a competitive application process. The Housing Authority must utilize these funds only for activities specified in its approved 5-Year Action Plan or for HUD-approved emergency work, and must maintain accurate budget and cost records in compliance with 2 CFR 200 Uniform Administrative Requirements. All capital improvements and related expenses must be tracked and made available for HUD and independent auditor review throughout the performance period.