Formula Grant TX59P32850126

The Llano Housing Authority received a formula grant award of $135,328.00 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 funding supports capital and management activities to improve public housing inventory serving low-income residents in Llano, Texas, including modernization, development, emergency repairs, energy efficiency improvements, and related infrastructure upgrades to housing units.

The Capital Fund operates as an annual allocation program based on established formulas reflecting each Public Housing Agency's inventory characteristics rather than through competitive application processes. Eligible activities funded under this award include physical improvements, financing activities such as debt service payments, management improvements, and development activities that add to or reconfigure the Authority's public housing units, all as defined in 24 CFR Part 905. The funding enables the Authority to maintain and enhance its public housing portfolio while ensuring compliance with applicable federal requirements under 2 CFR 200 (Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards).