Formula Grant NC04900000226D

The $231,098 Public Housing Operating Fund (CFDA 14.850) grant awarded by the U.S. Department of Housing and Urban Development's (HUD) Public and Indian Housing Office to the Morganton Housing Authority provides funding for the day-to-day operational and maintenance expenses of public housing dwellings. The grant supports a range of critical activities, including property management, routine and preventative maintenance, anti-crime and security initiatives, energy cost management, resident supportive services, and administrative expenses. This formula grant, awarded on January 1, 2026, with a performance period through December 31, 2032, is part of a larger $5 billion program that assists approximately 6,000 housing authorities in serving 1.59 million public housing residents across the United States.