Formula Grant OK56P07850126

The U.S. Department of Housing and Urban Development's Public and Indian Housing Office awarded the Krebs Housing Authority a formula grant of $111,690 under the Public Housing Capital Fund program (CFDA 14.872) on April 1, 2026, with a completion date of March 31, 2030. This funding supports capital and management activities essential to maintaining and improving the public housing inventory serving low-income residents in McAlester, Oklahoma. The Capital Fund program provides formula-based allocations to approximately 2,770 Public Housing Agencies (PHAs) nationwide, calculated according to established formulas reflecting each agency's public housing inventory characteristics rather than through competitive application processes.

Under this award, the Krebs Housing Authority may utilize the capital funds for eligible activities including public housing modernization, development, emergency repairs, energy efficiency upgrades, and infrastructure improvements. Permissible activities also encompass financing costs associated with standard and mixed-finance developments. The funds must be allocated in accordance with an approved 5-year action plan or used for HUD-approved emergency work or work necessitated by non-presidentially declared natural disasters, as specified in 24 CFR 905.200. All expenditures are subject to the Uniform Administrative Requirements outlined in 2 CFR 200 and must be supported by accurate budget and cumulative cost records maintained for HUD and independent auditor review.