Formula Grant MS26P00250126

The Laurel Housing Authority received a $1,551,191.00 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 (CFDA 14.872), effective April 1, 2026, through March 31, 2030. This award supports capital and management activities for public housing modernization, development, and physical improvements serving low-income residents in Laurel, Mississippi. The funding may be directed toward eligible activities including infrastructure improvements, emergency repairs, energy efficiency upgrades, development or acquisition of additional public housing units, and financing activities such as debt service payments, provided such activities align with the Authority's approved 5-year action plan or are approved by HUD for emergency or disaster-related work.

The Public Housing Capital Fund operates as a formula-based allocation program serving approximately 2,770 Public Housing Agencies (PHAs) managing nearly one million units nationwide. Awards are calculated using established formulas based on each PHA's public housing inventory characteristics rather than through competitive application processes. The Laurel Housing Authority must maintain accurate inventory data in HUD's Information Management System and comply with 2 CFR 200 Uniform Administrative Requirements, including budget and cost record maintenance for HUD and independent auditor review throughout the four-year performance period.