The federal Formula Grant award of $320,344 was provided by the U.S. Department of Housing and Urban Development (HUD) Public and Indian Housing Office under the Public Housing Operating Fund (CFDA 14.850) program. This grant funding supports the Malden Housing Authority, a municipal housing agency, in operating and maintaining its portfolio of approximately 190 public housing units to provide affordable, safe, and decent housing for low-income families, elderly individuals, and persons with disabilities in Malden, Massachusetts. The grant funds will be used for 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 award has a performance period from January 1, 2025 to December 31, 2031, and is part of HUD's multi-year formula grant funding to support public housing agencies nationwide in meeting their operational needs and strategic goals of maintaining high occupancy rates, improving resident quality of life, and promoting fair housing practices.
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