Formula Grant MS26P11050126

The Mound Bayou Housing Authority received a $347,082 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) program, effective April 1, 2026, through March 31, 2030. This award supports capital and management activities to modernize, develop, and maintain the authority's public housing inventory serving low-income residents in Mound Bayou, Mississippi. The funding may be allocated toward eligible activities including public housing modernization, infrastructure improvements, emergency repairs, energy efficiency upgrades, development activities that add to or reconfigure housing units, and financing costs related to debt service and customary financing expenses.

As a formula-based allocation rather than a competitive grant, the award amount was calculated by HUD using established formulas reflecting the authority's public housing inventory characteristics, such as unit counts, building age, and construction costs. Capital Fund recipients are required to align expenditures with their approved five-year action plans or obtain HUD approval for emergency or disaster-related work. The authority must maintain compliance with the Uniform Administrative Requirements (2 CFR 200), accurately document budgets and cumulative costs for HUD review and independent audits, and certify its public housing inventory information through HUD's Information Management System.