Formula Grant TX01P33750125

Award Date 5/13/25
Completion Date 5/12/29
Dollars Obligated $160K
Federal Grant Program
14.872
Assistance Type
Formula Grant
Place of Performance
Mt Vernon, TX 75457, USA
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The U.S. Department of Housing and Urban Development (HUD) awarded a $156,913 Public Housing Capital Fund (CFDA 14.872) formula grant to the Housing Authority of the City of Mount Vernon. This grant provides financial assistance to the housing authority to carry out capital and management activities for public housing, including modernization, development, and financing. Key activities funded through this award include construction, rehabilitation, demolition, energy efficiency upgrades, and...
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The Mount Vernon Housing Authority received a $160,251 formula grant under the U.S. Department of Housing and Urban Development's (HUD) Public Housing Capital Fund program (CFDA 14.872). The grant, awarded on May 13, 2025, will be used to fund the development, modernization, and financing of public housing units over a four-year period, ending on May 12, 2029.

The key activities to be performed include physical work on public housing structures, units, common areas, and utilities to bring properties up to federal housing standards. This may include demolition, reconfiguration, emergency repairs, energy efficiency upgrades, and other capital improvements. The grant supports the Housing Authority's efforts to maintain and upgrade nearly 1 million public housing units nationwide, ensuring decent, safe, and sanitary living conditions for low-income residents. No sub-awards are planned under this formula grant.

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