Federal Grant Award Summary

The City of Albemarle, North Carolina received a $109,502.00 formula grant award from the Department of Housing and Urban Development's Public and Indian Housing Office under the Public Housing Operating Fund (CFDA 14.850), obligated on April 20, 2026, with a performance period extending through December 31, 2029. This funding supports day-to-day operational and maintenance expenses for public housing units located in Albemarle, including property management, routine and preventative maintenance, anti-crime and security initiatives, energy cost management, resident supportive services, insurance, debt service, and administrative program implementation costs.

The Public Housing Operating Fund is a $5 billion national program serving approximately 902,436 public housing households across 6,000 housing authorities nationwide. Operating funds enable Public Housing Agencies to maintain adequate service delivery and minimum operating reserves while preserving the physical integrity of public housing stock. The City of Albemarle's award is part of this formula-based allocation system, which distributes funds to eligible Public Housing Agencies based on submission of standardized Operating Fund calculation forms (HUD-52723 and HUD-52722). This funding mechanism ensures consistent operational support for the city's low-income housing populations, with 44 percent of residents being elderly and 35 percent being families with children.