Federal Grant Award Summary

The U.S. Department of Housing and Urban Development's Public and Indian Housing Office awarded $151,907.00 to the Olla Housing Authority under the Public Housing Capital Fund (CFDA 14.872) formula grant program. This award, effective April 1, 2026, through March 31, 2030, supports capital and management activities for public housing in Olla, Louisiana. The Capital Fund provides financial assistance to Public Housing Agencies nationwide for modernization, infrastructure improvements, energy efficiency upgrades, emergency repairs, and development activities that enhance the quality and safety of public housing units serving low-income residents.

The Olla Housing Authority will utilize these funds exclusively for eligible capital activities as defined in 24 CFR Part 905, with specific projects detailed in the agency's HUD-approved five-year action plan or approved emergency work. Primary activities include public housing development, modernization, rehabilitation, and infrastructure upgrades within the agency's existing public housing portfolio. As a formula-based allocation program, Capital Fund awards are determined by HUD using established formulas reflecting each Public Housing Agency's inventory characteristics—such as unit counts, building age, and construction costs—rather than through competitive application processes. The funding is subject to Uniform Administrative Requirements (2 CFR 200) compliance and standard HUD audit requirements.