Federal Grant Award Summary

The U.S. Department of Housing and Urban Development's Public and Indian Housing Office awarded the Economic Development Authority of Mankato, Minnesota $614,125 through the Public Housing Capital Fund (CFDA 14.872) formula grant on April 1, 2026, with a completion date of March 31, 2030. This funding supports capital and management activities for public housing modernization, development, infrastructure improvements, and related eligible activities as defined under 24 CFR Part 905. The Capital Fund operates as a formula-based allocation program that distributes annual funding to approximately 2,770 Public Housing Agencies nationwide serving nearly one million housing units.

The Economic Development Authority of Mankato will utilize these funds to carry out modernization and development projects that enhance the quality and functionality of public housing units within its inventory, including construction, acquisition, infrastructure upgrades, energy efficiency improvements, and emergency repairs. All activities must be specified in the authority's approved 5-Year Action Plan or HUD-approved emergency work. The funds are restricted to eligible capital and management activities serving low-income residents, with expenditures subject to compliance with 2 CFR 200 Uniform Administrative Requirements and HUD audit requirements through the authority's regular financial audit processes.