Summary: Public Housing Capital Fund Formula Grant Award

The Clarkton Housing Authority received a $187,539 formula grant award from the U.S. Department of Housing and Urban Development's (HUD) Public and Indian Housing Office under the Public Housing Capital Fund (CFDA 14.872), effective April 1, 2026 through March 31, 2030. This funding supports capital and management activities for the authority's public housing inventory serving low-income residents in Clarkton, Missouri. Eligible uses of the capital funds include modernization and infrastructure improvements, emergency repairs, development activities that expand or reconfigure public housing units, management improvements, and financing costs for debt service and mixed-finance developments—all as specified in the authority's approved five-year action plan or HUD-approved emergency work.

The Public Housing Capital Fund operates as a formula-based allocation program, with awards calculated annually using standardized formulas that reflect each Public Housing Agency's inventory characteristics including unit counts, building age, and construction costs. As a participating Public Housing Agency managing units across all 50 states and territories, the Clarkton Housing Authority maintains eligibility through continuous certification of its housing inventory data in HUD's Information Management System without submitting competitive applications. All capital fund expenditures must comply with 2 CFR 200 Uniform Administrative Requirements, and the authority is subject to audit in conjunction with HUD's regular agency audits.