Formula Grant NY00501074026D

The Department of Housing and Urban Development (HUD) Public and Indian Housing Office administers the Public Housing Operating Fund (CFDA 14.850), a $5 billion formula grant program that provides operating subsidies to approximately 6,000 public housing authorities (PHAs) across the United States. This grant award of $6,840,181 to the New York City Housing Authority (NYCHA) will fund the day-to-day operational and maintenance expenses of NYCHA's public housing units, which serve over 400,000 low-income residents across 176,000 affordable housing units. The funding will support critical activities such as property management, routine and preventative maintenance, anti-crime and security initiatives, energy cost management, resident supportive services, and administrative expenses. This award is part of HUD's efforts to help PHAs maintain quality, affordable housing and provide essential services to public housing residents, 44% of whom are elderly and 35% of whom have children.