Formula Grant MN46P07750126

The Albert Lea Housing Authority received a $518,843 formula grant from the U.S. Department of Housing and Urban Development (HUD), Public and Indian Housing Office, under the Public Housing Capital Fund (CFDA 14.872) program, effective April 1, 2026, through March 31, 2030. This award funds capital and management activities to support public housing modernization, development, and infrastructure improvements serving low-income residents in Albert Lea, Minnesota. The Capital Fund formula allocation is calculated based on the Authority's public housing inventory characteristics, including unit counts, building age, and construction costs, rather than through a competitive application process.

The funding supports eligible activities including public housing modernization, development of new or reconfigured housing units, infrastructure upgrades, energy efficiency improvements, and emergency repairs as specified in the Authority's approved 5-year action plan or as approved by HUD for emergency work. The Capital Fund may also be used for financing activities including debt service payments and customary financing costs for mixed-finance developments. The Authority must comply with 2 CFR Part 200 Uniform Administrative Requirements and maintain accurate inventory data in HUD's Information Management System while managing budgets and cost records for HUD and independent auditor review throughout the performance period.