Federal Formula Grant Award Summary

The U.S. Department of Housing and Urban Development (HUD), through its Public and Indian Housing Office, awarded the Hannibal Housing Authority a Public Housing Capital Fund (CFDA 14.872) formula grant of $834,401 effective April 1, 2026, with a completion date of March 31, 2030. This award supports capital and management activities for public housing improvements serving low-income residents in Hannibal, Missouri. The Capital Fund provides financing for modernization, development, infrastructure improvements, emergency repairs, energy efficiency upgrades, and rehabilitation of public housing units to ensure they remain decent, safe, and sanitary.

The Hannibal Housing Authority, as a direct recipient of this formula-based allocation, will utilize these funds for eligible activities specified in its approved 5-year action plan or for HUD-approved emergency work, consistent with 24 CFR Part 905 requirements. Permissible uses include construction and acquisition activities that add to or reconfigure the housing inventory, debt service payments, and financing costs for standard and mixed-finance developments. As a formula grant program, the award amount reflects the authority's public housing inventory characteristics rather than competitive application, and the recipient must maintain compliance with 2 CFR 200 Uniform Administrative Requirements and accurate inventory data in HUD's Information Management System.