The U.S. Department of Housing and Urban Development (HUD) Public and Indian Housing Office has awarded a $735,698 Formula Grant under the Public Housing Operating Fund (CFDA 14.850) program to the Housing Authority of the County of Sacramento (HACOS). This award, effective January 1, 2025 through December 31, 2031, provides operating subsidies to HACOS to support the day-to-day operational expenses of their public housing projects. These funds will be used to cover management and operations, routine and preventative maintenance, anti-crime and security activities, energy costs, resident supportive services, insurance, debt service, and administrative expenses. As a result, this grant is expected to help maintain or improve the 96% occupancy rate of habitable public housing units, promote quality of life through supportive services and resident engagement, and facilitate the implementation of affirmatively furthering fair housing measures. The award is part of a $5 billion program that provides funding to approximately 6,000 housing authorities serving 1.59 million public housing residents nationwide.
Generated 4/1/25, 4:54 AM