Federal Formula Grant Award Summary

The City of Albemarle received $109,501.00 in operating subsidies through the Public Housing Operating Fund (CFDA 14.850), administered by the Department of Housing and Urban Development's Public and Indian Housing Office. The award, obligated on April 20, 2026, with a completion date of December 31, 2029, supports the day-to-day operational and maintenance expenses of public housing dwellings serving lower-income residents in Albemarle, North Carolina.

The funding provides essential support for property management, routine and preventative maintenance, anti-crime and security initiatives, energy cost management, resident supportive services, insurance, debt service, and administrative program implementation. These operating subsidies enable the City of Albemarle to maintain adequate service delivery and operational reserves for its public housing portfolio, consistent with the citywide grant strategy focused on housing infrastructure and community services. As a formula grant distributed based on HUD-52723 and HUD-52722 calculation forms, this award represents recurring annual funding to support the operational capacity and physical integrity of public housing stock while serving vulnerable populations including elderly residents and families with children.