Federal Formula Grant Award Summary

The McKenzie Housing Authority received $428,015 in formula-based funding from the U.S. Department of Housing and Urban Development (HUD), Public and Indian Housing Office, under the Public Housing Capital Fund (CFDA 14.872). This award, effective April 1, 2026 through March 31, 2030, supports capital and management activities essential to modernizing and maintaining public housing infrastructure serving low-income residents in McKenzie, Tennessee. The Capital Fund enables the housing authority to undertake development activities that add or reconfigure public housing units, modernization projects to upgrade existing facilities, management improvements to enhance operational efficiency, and emergency repairs or work necessitated by non-presidentially declared natural disasters, consistent with eligible activities defined in 24 CFR Part 905.

As a formula-based allocation rather than a competitive grant, this award reflects McKenzie Housing Authority's public housing inventory characteristics and automatically qualifies the agency for funding based on established federal formulas. The funds support critical capital infrastructure investments including construction, acquisition, rehabilitation of housing units, and system upgrades that ensure safe, decent, and affordable housing for the community's vulnerable populations. This represents a continuation of the housing authority's sustained federal funding engagement, complementing its concurrent Public Housing Operating Fund award to comprehensively address both operational and capital improvement needs across its public housing portfolio.