Formula Grant MS26P00450126

The Meridian Housing Authority for City received a $3.45 million Public Housing Capital Fund (CFDA 14.872) formula grant from the U.S. Department of Housing and Urban Development's Public and Indian Housing Office, effective April 1, 2026, through March 31, 2030. This award supports capital and management activities for public housing operations in Meridian, Mississippi, including modernization of existing units, infrastructure improvements, emergency repairs, energy efficiency upgrades, and development of additional public housing inventory. The Capital Fund may also support financing activities such as debt service payments and customary financing costs for standard and mixed-finance developments.

As a formula-based allocation rather than a competitive grant, the award amount was calculated using established formulas reflecting the Meridian Housing Authority's public housing inventory characteristics, including unit counts, building age, and construction costs. Eligible activities must be specified in an approved 5-year action plan or approved by HUD for emergency work or repairs needed due to non-presidentially declared natural disasters. The authority is responsible for maintaining accurate inventory data in HUD's Information Management System and complying with the Uniform Administrative Requirements under 2 CFR 200, including audit and financial reporting requirements.