The Department of Housing and Urban Development's Public Housing Operating Fund (CFDA 14.850) has awarded the New York City Housing Authority (NYCHA) a $979,168 formula grant to fund the operating and maintenance expenses of its public housing projects. This grant, which has a performance period from January 1, 2025 to December 31, 2031, will enable NYCHA to carry out essential day-to-day operational activities such as property management, routine and preventative maintenance, anti-crime and security initiatives, energy cost management, resident supportive services, and administrative expenses. As the largest public housing authority in North America, NYCHA's public housing portfolio serves over 400,000 low-income residents across 335 developments in New York City. This federal funding will help the agency maintain high occupancy rates, improve residents' quality of life, and promote fair housing practices.
Generated 2/25/25, 2:48 AM