Formula Grant OK56P08350126

The Maud Housing Authority received a $132,976 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 provides capital funding to support modernization, development, management improvements, and infrastructure upgrades for public housing units serving low-income residents in Maud, Oklahoma. The funding may be allocated toward eligible activities including construction, acquisition, rehabilitation of public housing units, emergency repairs, energy efficiency improvements, and financing costs associated with standard and mixed-finance developments, subject to the agency's approved 5-year action plan and HUD regulations outlined in 24 CFR Part 905.

As a Public Housing Agency (PHA), the Maud Housing Authority administers these capital funds in accordance with formula-based allocation methodology rather than competitive selection. The award represents the agency's annual statutory allocation calculated by HUD based on established formulas reflecting inventory characteristics such as unit counts, building age, and construction costs. The recipient must comply with 2 CFR 200 Uniform Administrative Requirements, maintain accurate inventory data in HUD's Information Management System, and utilize funds exclusively for activities specified in an approved action plan or HUD-approved emergency work.