The following information is from www.HUD.gov
HUD Mission
HUD’s mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD is working to strengthen the housing market, to bolster the economy and protect consumers; meet the need for quality affordable rental homes; utilize housing as a platform for improving quality of life; build inclusive and sustainable communities free from discrimination; and transform the way HUD does business.
HUD Public Housing Operating Fund
Annual subsidy to public housing agencies (PHAs) for operations and management.
Nature of Program: HUD provides operating subsidies to PHAs to help them meet operating and management expenses. A PHA can use operating funds for operating and management costs, including administration, routine maintenance, anti-crime and anti-drug activities, resident participation in management, insurance costs, energy costs, and costs, as appropriate, related to the operation and management of mixed finance projects and repayment of debt service to finance rehabilitation and development of public housing units.
Non-troubled PHAs that own or operate fewer than 250 public housing units have full discretion in how they allocate these grants between the capital and operating funds.
Applicant Eligibility: Public housing agencies.
Legal Authority: Section 9(e) of the U.S. Housing Act of 1937 (42 U.S.C. 1437g(e)). Regulations are at 24 CFR part 990.
Administering Office: Assistant Secretary for
Public and Indian Housing,
U.S. Department of Housing and Urban Development, Washington, DC
20410-5000.
Information Sources: Local public housing agencies or HUD field offices.
