Federal Grant Award Summary

The Franklin County Consolidated Housing Authority received a $680,994 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. This funding supports capital and management activities for public housing serving low-income residents in Franklin County, Tennessee. The Capital Fund allocation enables the Housing Authority to undertake modernization, infrastructure improvements, development activities, and management enhancements across its public housing portfolio, consistent with an approved 5-year action plan or HUD-approved emergency work initiatives.

As a formula-based grant rather than a competitive award, the Capital Fund allocation is calculated using established formulas reflecting the Housing Authority's inventory characteristics, including unit counts, building age, and construction costs. The funds may be applied exclusively to eligible activities specified in 24 CFR Part 905, encompassing housing development, modernization, financing of debt service and customary financing costs, and other approved capital improvements. The Housing Authority must comply with 2 CFR 200 Uniform Administrative Requirements, maintain cumulative cost records, and certify accurate public housing inventory information through HUD's Information Management System to retain program eligibility.