Federal Grant Award Summary

Tennessee Valley Housing Services received a $2.1M 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) effective April 1, 2026 through March 31, 2030. The award funds capital and management activities supporting the organization's public housing operations in Morristown, Tennessee, including modernization, infrastructure improvements, development activities, and rehabilitation of public housing units. As a Public Housing Agency (PHA), Tennessee Valley Housing Services uses these federal funds to maintain and enhance its inventory of affordable housing for low-income residents, with eligible activities specified in its approved 5-year action plan or approved by HUD for emergency repairs and disaster-related work.

The Capital Fund allocation is calculated using a formula methodology based on PHA inventory characteristics such as unit counts, building age, and construction costs, rather than through competitive application processes. Permissible uses of these funds include debt service payments, financing costs for standard and mixed-finance developments, modernization activities, and management improvements as defined in 24 CFR Part 905. The organization must maintain compliance with 2 CFR 200 Uniform Administrative Requirements and submit annual certifications to HUD through the Information Management System/Public Housing Information Center system documenting its public housing inventory and capital fund activities.