Formula Grant NY00501163025D

The New York City Housing Authority (NYCHA) received a $1,414,570.00 Formula Grant under the U.S. Department of Housing and Urban Development (HUD) Public Housing Operating Fund program (CFDA 14.850). This grant provides operating subsidies to NYCHA to fund the day-to-day operational and maintenance expenses of its public housing projects, which serve over 400,000 low-income residents across 335 developments in New York City. 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 helps NYCHA maintain high occupancy rates, improve resident quality of life, and promote fair housing practices, in alignment with HUD's strategic goals. The grant period runs from January 1, 2025 to December 31, 2031.