The federal Formula Grant award from the U.S. Department of Housing and Urban Development (HUD) Public and Indian Housing Office under the Public Housing Operating Fund (CFDA 14.850) provides $302,743.00 in operating subsidies to the Housing Authority of the City of Bridgeport, doing business as Park City Communities, 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 costs associated with implementing the public housing program. The goal is to help maintain high occupancy rates, improve resident quality of life, and promote fair housing practices. This award, with a performance period from January 1, 2025 to December 31, 2031, is part of a larger $5 billion program that provides funding to approximately 6,000 housing authorities serving over 1.59 million public housing residents nationwide.
Generated 3/4/25, 7:04 AM