The Department of Housing and Urban Development Public and Indian Housing Office awarded the Albany Housing Authority $563,173 on January 1, 2026, under the Public Housing Operating Fund (CFDA 14.850), a formula grant providing operating subsidies to housing authorities to fund day-to-day operational expenses and maintenance of public housing.
The funding supports Albany Housing Authority's management and operations, routine and preventative maintenance, anti-crime and security activities, energy costs, resident supportive services, insurance, debt service, and administrative expenses across its public housing portfolio. The authority also has access to web-based platforms utilizing real-time data on funding levels, occupancy rates, and families served to inform portfolio management decisions.
The award is effective January 1, 2026, through December 31, 2032. Place of performance is Albany, New York. The Public Housing Operating Fund is a $5 billion national program providing operating subsidies to approximately 6,000 housing authorities serving 1,590,321 public housing residents in 902,436 households nationally; subsidies assist authorities in maintaining services and providing minimum operating reserves as required under Section 9 of the U.S. Housing Act of 1937, as amended.