The federal Formula Grant award, provided by the U.S. Department of Housing and Urban Development's (HUD) Public and Indian Housing Office under the Public Housing Operating Fund (CFDA 14.850) program, is intended to support the day-to-day operational expenses of public housing projects managed by the Housing Authority of the City of Waterbury. The $1,013,445.00 award, effective from January 1, 2025 to December 31, 2031, will fund a range of activities, including property management, routine and preventative maintenance, anti-crime and security initiatives, energy cost management, resident supportive services, and administrative expenses. The funding aims to ensure the provision of decent, safe, and affordable housing for eligible low-income families, elderly individuals, and persons with disabilities in the Waterbury, Connecticut region. The award is part of a broader $5 billion program that provides operating subsidies to approximately 6,000 housing authorities serving 1.59 million public housing residents across 902,436 households nationwide.
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