Federal Grant Award Summary

Oil City Housing Authority received a $215,128 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), effective April 1, 2026 through March 31, 2030. This award provides financial assistance to support capital and management activities for public housing serving low-income residents in Oil City, Louisiana. The funding may be utilized for eligible activities including public housing modernization, development, infrastructure improvements, management enhancements, emergency repairs, and financing costs associated with maintaining and improving the agency's public housing inventory to meet decent, safe, and sanitary housing standards.

The Public Housing Capital Fund operates as a formula-based allocation program rather than a competitive grant, with awards calculated according to established formulas reflecting each Public Housing Agency's inventory characteristics such as unit counts, building age, and construction costs. Oil City Housing Authority must obligate and expend these funds in accordance with activities specified in its HUD-approved 5-Year Action Plan or for emergency work, and must maintain compliance with 2 CFR 200 Uniform Administrative Requirements, including accurate inventory data maintenance and comprehensive budget and cost record documentation subject to HUD and independent auditor review.