Federal Formula Grant Award Summary

The Binghamton Housing Authority received a $529,388 formula grant from the Department of Housing and Urban Development (HUD) Public and Indian Housing Office under the Public Housing Operating Fund (CFDA 14.850), effective January 1, 2026, through December 31, 2032. This funding provides operating subsidies to support day-to-day operational and maintenance expenses for public housing units serving low-income residents in Binghamton, New York.

The grant finances essential activities including management and operations, routine and preventative maintenance, anti-crime and security initiatives, energy costs, resident supportive services, insurance, debt service, and administrative program implementation. As part of a nationwide $5 billion program serving approximately 6,000 public housing authorities and 1.59 million residents, this award enables the Authority to maintain adequate service levels and operational reserves while complying with the U.S. Housing Act of 1937 and applicable HUD regulations.