Formula Grant NJ014201ISF25D

The Atlantic City Housing Authority & Urban Redevelopment Agency received a $2.78 million Formula Grant award from the U.S. Department of Housing and Urban Development's Public and Indian Housing Office under the Public Housing Operating Fund (CFDA 14.850) on April 20, 2026. This funding supports day-to-day operational and maintenance expenses for public housing units serving lower-income residents in Atlantic City, New Jersey through December 31, 2029. The operating subsidies enable the housing authority to maintain essential services including property management, routine and preventative maintenance, anti-crime and security initiatives, energy cost management, resident supportive services, insurance, and administrative program implementation.

These operating funds are critical to preserving the physical integrity and service delivery capacity of the public housing portfolio while serving vulnerable populations including elderly residents and families with children. The Public Housing Operating Fund is a nationwide $5 billion program administered by HUD that supports approximately 6,000 housing authorities managing over 900,000 public housing households across the United States. Award funding is distributed through a formula-based methodology utilizing HUD's Operating Fund calculation forms, and recipients must maintain Annual Contribution Contracts and Cooperative Agreements with HUD to remain eligible for continued support.