Formula Grant NJ39P01250126

The Housing Authority of Bayonne received a $4,288,675 formula grant from the U.S. Department of Housing and Urban Development (HUD), Public and Indian Housing Office, under the Public Housing Capital Fund (CFDA 14.872) program. Awarded on April 1, 2026, with a completion date of March 31, 2030, this funding supports critical capital and management activities for public housing operations in Bayonne, New Jersey.

The grant funds public housing modernization, development, rehabilitation, infrastructure improvements, and management enhancements. Eligible activities include construction and acquisition of additional public housing units, emergency repairs, energy efficiency upgrades, and financing activities such as debt service payments. These capital investments enable the Housing Authority of Bayonne to maintain safe, sanitary housing conditions and enhance service delivery for approximately 1.59 million low-income residents served through the broader HUD public housing system. As a formula-based allocation rather than a competitive grant, the award amount is calculated according to established formulas reflecting the Authority's public housing inventory characteristics, including unit counts, building age, and construction costs.