The U.S. Department of Housing and Urban Development's (HUD) Public and Indian Housing Office awarded a $7,329,689 Formula Grant under the Public Housing Operating Fund (CFDA 14.850) program to the New York City Housing Authority (NYCHA). This grant, effective January 1, 2025 through December 31, 2031, provides operating subsidies to NYCHA to fund the day-to-day operations and maintenance of its public housing units. The grant supports a range of activities, including property management, routine and preventative maintenance, anti-crime and security initiatives, energy cost management, resident supportive services, and administrative expenses. This funding aims to help NYCHA, the largest public housing authority in North America, maintain high occupancy rates, improve resident quality of life, and promote fair housing practices for the over 400,000 low-income residents it serves across 335 public housing developments in New York City.
Generated 4/1/25, 5:05 AM