Formula Grant MN46P03550126

The Alexandria Housing & Redevelopment Authority received a $303,467 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. This award provides capital funding to support modernization, infrastructure improvements, and development activities for public housing units serving low-income residents in Alexandria, Minnesota. The Capital Fund grant enables the Authority to undertake eligible capital and management activities as specified in its approved 5-year action plan, including facility upgrades, emergency repairs, energy efficiency enhancements, and related financing costs associated with maintaining and improving its public housing inventory.

The Public Housing Capital Fund operates as a formula-based allocation program, with funding amounts calculated by the Department of Housing and Urban Development based on established formulas reflecting each Public Housing Agency's inventory characteristics, such as unit counts, building age, and construction costs. The Authority must maintain accurate public housing inventory data in HUD's Information Management System and comply with 2 CFR 200 Uniform Administrative Requirements and Cost Principles. All Capital Fund expenditures must be documented through cumulative cost records maintained for review by HUD and independent auditors, with expenditure obligations required by the March 31, 2030 deadline.