Federal Grant Award Summary

The Etowah, Tennessee Housing Authority received a Public Housing Capital Fund (CFDA 14.872) formula grant award of $395,492 from the U.S. Department of Housing and Urban Development's Public and Indian Housing Office, effective April 1, 2026 through March 31, 2030. This funding supports capital and management activities for the Housing Authority's public housing portfolio, including modernization, infrastructure improvements, development activities, and emergency repairs. The grant enables the organization to enhance and maintain its approximately 1,000 public housing units in compliance with eligible activities specified in 24 CFR Part 905, with all expenditures directed toward serving low-income residents in Etowah, Tennessee.

The Capital Fund allocation supports critical housing infrastructure and operational improvements such as building modernization, unit development, financing costs for mixed-finance developments, and emergency work. As a formula-based grant determined by the Housing Authority's public housing inventory characteristics—including unit count, building age, and construction costs—rather than competitive application, these funds enable the agency to fulfill its obligations under the U.S. Housing Act of 1937. All grant activities must align with the Housing Authority's HUD-approved 5-Year Action Plan or receive emergency approval, with expenditure compliance monitored through regular HUD audits and the agency's Information Management System certification.