Federal Grant Award Summary

The Okolona Housing Authority received a formula grant allocation of $209,703.00 from the U.S. Department of Housing and Urban Development's Public and Indian Housing Office under the Public Housing Capital Fund program (CFDA 14.872). The award, issued on April 1, 2026, with a completion date of March 31, 2030, supports capital and management activities for public housing operations in Okolona, Mississippi. As a formula-based allocation rather than a competitive award, this funding reflects the authority's inventory characteristics and serves low-income residents in the jurisdiction.

The funds will be directed toward eligible capital activities as defined in 24 CFR Part 905, including public housing modernization, development, infrastructure improvements, and management enhancements. The authority must utilize the funds only for activities specified in its approved five-year action plan or for HUD-approved emergency work and non-presidentially declared natural disaster recovery. Like all Public Housing Capital Fund recipients, the Okolona Housing Authority is required to maintain accurate public housing inventory documentation, comply with 2 CFR 200 Uniform Administrative Requirements, and undergo regular audits of fund utilization conducted in conjunction with standard HUD or independent public accountant audits of agency operations.