Formula Grant TN37P07650126

Federal Grant Award Summary

The Elizabethton Housing & Development Agency, Inc. received a $1,057,729 formula grant 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 supports capital and management activities for public housing modernization, development, and infrastructure improvements serving low-income residents in Elizabethton, Tennessee. Eligible uses of capital funds include physical modernization of existing public housing units, development of new units, emergency repairs, energy efficiency upgrades, management improvements, and financing activities such as debt service payments associated with mixed-finance developments.

The Public Housing Capital Fund allocates resources to approximately 2,770 Public Housing Agencies nationwide managing nearly one million public housing units through an established formula methodology based on inventory characteristics rather than competitive application processes. The Elizabethton Housing & Development Agency must utilize these capital funds exclusively for activities specified in its approved 5-year action plan or for HUD-approved emergency work and disaster-related activities, as defined in 24 CFR Part 905. The agency is required to maintain accurate inventory data in HUD's Information Management System, comply with 2 CFR 200 Uniform Administrative Requirements, and submit annual Capital Fund certifications to maintain program eligibility.