Federal Grant Award Summary

The Pontotoc Housing Authority received a $245,294 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 program (CFDA 14.872), effective April 1, 2026, through March 31, 2030. This award supports capital and management activities for public housing in Pontotoc, Mississippi, including modernization, development, infrastructure improvements, and emergency repairs to the Authority's public housing inventory. The Capital Fund enables the Authority to maintain and enhance decent, safe, and sanitary housing for low-income residents through eligible activities specified in its approved 5-year action plan or approved emergency work.

The funding supports critical infrastructure and operational improvements across the Authority's public housing portfolio, which may include construction, acquisition, rehabilitation of units, energy efficiency upgrades, and financing costs associated with standard and mixed-finance developments. As a formula-based allocation program, the award amount reflects the Authority's public housing inventory characteristics such as unit count, building age, and construction costs. The Authority must comply with 2 CFR 200 Uniform Administrative Requirements and maintain accurate inventory data in HUD's Information Management System, with obligation deadlines extendable upon request, though expenditure deadlines remain fixed.