The federal Formula Grant award, provided by the U.S. Department of Housing and Urban Development's (HUD) Public Housing Operating Fund program (CFDA 14.850), supports the Hot Springs Housing Authority in funding the operating and maintenance expenses of their public housing projects. The $102,748 award will enable the housing authority to carry out a range of activities from January 1, 2025 to December 31, 2031, including property management, routine and preventative maintenance, anti-crime and security initiatives, energy cost management, resident supportive services, and administrative expenses. These funds will help the housing authority maintain decent, safe, and affordable housing for eligible low-income families, elderly individuals, and persons with disabilities in the Hot Springs, NC area. The Public Housing Operating Fund is a $5 billion program that provides subsidies to approximately 6,000 housing authorities serving over 1.5 million public housing residents nationwide.
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