Federal Formula Grant Award Summary

The New York City Housing Authority (NYCHA) received a Public Housing Capital Fund award of $724.3 million from the U.S. Department of Housing and Urban Development's Public and Indian Housing Office (CFDA 14.872), effective April 1, 2026, through March 31, 2030. This formula-based allocation supports capital and management activities for NYCHA's public housing portfolio, including modernization, infrastructure improvements, emergency repairs, energy efficiency upgrades, and facility development. The funding enables NYCHA to serve its mission of providing decent, safe, and affordable rental housing to over 400,000 low-income residents across more than 176,000 housing units in New York City.

Under this award, NYCHA utilizes capital funds for comprehensive facility improvements, debt service payments, and customary financing costs associated with both standard and mixed-finance public housing developments. The funding supports critical infrastructure enhancements and modernization efforts across NYCHA's portfolio, with collaborative partnerships such as those with the New York State Division of Homeland Security & Emergency Services for building and equipment rehabilitation projects at various developments. All activities are conducted in compliance with 2 CFR 200 Uniform Administrative Requirements, with NYCHA maintaining accurate inventory data in HUD's Information Management System to support the formula-based allocation methodology.