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Programs › 14.195

Assistance listing · 14.195

Project-Based Rental Assistance (PBRA)

Federal financial assistance obligated under listing 14.195, the organisations that receive it and where it goes.

USAspending caveat. Figures are obligations reported by federal agencies to USAspending.gov, not payments. In USAspending's words: "An outlay occurs when federal money is actually paid out, not just promised to be paid ('obligated')." "Every agency has a Senior Accountable Official who must officially certify that the quarterly financial data submitted by their agency is accurate and complete." "If there are any discrepancies in procurement data, FPDS is the authoritative source." Contract data for the Department of Defense and the U.S. Army Corps of Engineers is published with a 90-day delay. Data loaded 30 Sep 2026.

Federal agencies obligated $15B in awards under assistance listing 14.195, Project-Based Rental Assistance (PBRA), in FY2026, and $63B over the five fiscal years since FY2023; the program ranks 12 of 988 on this site.

Obligations were about level on FY2025 ($17B), with $0 so far in FY2027.

The largest recipient organisations over FY2022–FY2025 were Massachusetts Housing Finance Agency ($399M), BSC Owner LLC ($395M) and M Plaza LP ($224M).

By place of performance, the most money went to NY, CA and MA.

$15Bobligations, FY2026FY2026 (1 Oct 2025 – 30 Sep 2026) · obligations
$63Bfive-year totalFY2023–FY2027 to date · obligations
$0FY2027 to dateFY2027 · obligations
12 of 988rank among programs on this sitefive-year obligations
0awards of $1.0M+ since FY2023FY2023–FY2027

Obligations by fiscal year

$15B
$16B
$17B
$15B
$0
FY2023FY2024FY2025FY2026FY2027*
Obligations under listing 14.195 by fiscal year. *FY2027 runs to the data date and is incomplete.

Compared with the largest program FY2026

MeasureThis programGrants to States for MedicaidAll assistance
Obligations, FY2026$15B$722B$4.4T
Five-year total$63B$2.6T$17T
Share of all assistance obligations, five years0.4%15.2%100%

Largest recipients obligations, FY2022–FY2025

#OrganisationObligations
1Massachusetts Housing Finance Agency$399M
2BSC Owner LLC$395M
3M Plaza LP$224M
4Housing Trust Fund Corp$209M
5Georgia Hap Administrators, Inc.$170M
6New Jersey Housing and Mortgage Finance Agency$157M
7Metropolitan Development and Housing Agency$133M
8Los Angeles Lomod Corporation$125M
9Triborough Preservation LLC$124M
10Mission Park Limited Partnership$109M
11Minnesota Housing Finance Agency$109M
12Navigate Affordable Housing Partners, Inc.$107M
13East Harlem Pilot Block Housing Development Fund Company, Inc.$104M
14California Affordable Housing Initiatives, Inc. a California Nonprofit Public Benefit Corporation$103M
15Two Bridges Associates$96M
16Public Housing Agency of the City of Saint Paul$90M
17Columbus Metropolitan Housing Authority$87M
18Pennsylvania Housing Finance Agency$83M
19Southwest Housing Compliance Corporation$74M
20Csto Winn Manager LLC$73M
21North Tampa Housing Development Corporation, Inc.$71M
22Rhode Island Housing$69M
23Housing & Community Development, MD DEPT of$67M
24Erv Community Partners, LP$66M
25Marshall Field Preservation, L.P.$63M

Where the money goes

Other programs numbered 14.xxx

Questions and answers

How much is obligated under assistance listing 14.195?

$15B in FY2026 and $63B over the five fiscal years since FY2023, counting every award type recorded under the listing (grants, direct payments, loan subsidy cost, insurance and other assistance). Obligations are commitments, not payments.

Who receives the most under Project-Based Rental Assistance (PBRA)?

Massachusetts Housing Finance Agency ($399M), BSC Owner LLC ($395M), M Plaza LP ($224M), Housing Trust Fund Corp ($209M), Georgia Hap Administrators, Inc. ($170M). Individuals are never listed; where a program pays individuals, USAspending records aggregated rows that appear here as "not shown".

What is an assistance listing (CFDA) number?

A five-digit number that identifies a federal financial assistance program on SAM.gov (formerly the Catalog of Federal Domestic Assistance). Every grant, loan, direct payment or other assistance award on USAspending carries one; contracts do not.

Provenance

Source: USAspending.gov API v2, spending by category (assistance listing) by fiscal year, recipient cross-tabulation for FY2022–FY2025 and award search, loaded 30 Sep 2026. State figures come from each state's top-100 listing table, so small amounts in a state may be missing. See methodology.