Public Housing Capital Fund (14.872)

Program

14.872 Public Housing Capital Fund

Federal Agency

Agency: Department of Housing and Urban Development
Office: Office Of Public And Indian Housing

Authorization

Housing Act of 1937, as amended; Quality Housing and Work Responsibility Act of 1998, Omnibus Appropriations Act 2009, Public Law 111-8.

Program Number

14.872

Last Known Status

Active

Objectives

The Capital Fund provides funds annually to Public Housing Agencies (PHAs) for capital and management activities, including modernization and development of public housing. The Capital fund also permits PHAs to use Capital Funds for financing activities, including payments of debt service and customary financing costs, in standard PHA developments and in mixed-finance developments which include Public Housing.

Types of Assistance

FORMULA GRANTS

Uses and Use Restrictions

The funds may be used for the development, financing and modernization of public housing developments and for management improvements. The funds may not be used for luxury improvements, direct social services, costs funded by other programs, and ineligible activities as determined by HUD on a case-by-case basis. Assistance must be used to modernize and/or develop public housing and must comply with the eligible activities of Section 9(d) of the U.S. Housing Act of 1937.

Eligibility Requirements

Applicant Eligibility

The PHA must demonstrate that it has the legal authority to develop, own, modernize and operate a public housing development in accordance with the 1937 Act.

Beneficiary Eligibility

Low-income public housing residents.

Credentials/Documentation

PHAs must submit the following documents with their PHA Plan which includes a component for the Capital Fund Program: Form HUD-50075, PHA Certification of Compliance with The PHA Plan and Related Regulations; State or Local Certification of Consistency with the Consolidated Plan; Form HUD-5070, Certification of a Drug-Free Workplace; Form HUD-50071, Certification of Payments To Influence Federal Transactions; and Standard Form SF-LLL and SF-LLLa, Disclosure of Lobbying Activities (where applicable). OMB Circular No. A-87 applies to this program.

Application and Award Process

Preapplication Coordination

Preapplication coordination is required. Environmental impact information is not required for this program. This program is eligible for coverage under E.O. 12372, "Intergovernmental Review of Federal Programs." An applicant should consult the office or official designated as the single point of contact in his or her State for more information on the process the State requires to be followed in applying for assistance, if the State has selected the program for review.

Application Procedure

This program is excluded from coverage under OMB Circular No. A-102. This program is excluded from coverage under OMB Circular No. A-110. PHAs annually submit a PHA Plan to the local HUD Field Office that consolidates information submitted by the PHA for various HUD programs into one document. The CFP is one component of the Plan.

Award Procedure

The Field Office reviews and approves the PHA Plan, which includes information relative to the CFP.

Deadlines

Contact the headquarters or regional office, as appropriate, for application deadlines.

Range of Approval/Disapproval Time

From 60 to 90 days. The Field Office must notify the PHA within 75 days after the PHA submits the Plan of disapproval. If the PHA is not notified of disapproval within 75 days, the Plan shall be considered approved.

Appeals

Not Applicable.

Renewals

Not Applicable.

Assistance Considerations

Formula and Matching Requirements

Statutory Formula: Title 24, Part 905, Subpart 10.

Matching requirements are not applicable to this program.

MOE requirements are not applicable to this program.

Length and Time Phasing of Assistance

The statute requires that CFP funds allocated to a PHA be fully obligated within two years and expended in four years unless the Secretary extends the time period. Method of awarding/releasing assistance: lump sum.

Post Assistance Requirements

Reports

PHAs must provide performance and evaluation reports annually for all open grants. Cash reports are not applicable. Progress reports are also part of the performance and evaluation reports. PHAs are required to report on expenditures monthly in HUD's financial system. Performance monitoring is also part of the performance and evaluation reports.

Audits

In accordance with the provisions of OMB Circular No. A-133 (Revised, June 27, 2003), "Audits of States, Local Governments, and Non-Profit Organizations," nonfederal entities that expend financial assistance of $500,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Nonfederal entities that expend less than $500,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in Circular No. A-133. The CFP is audited in conjunction with the regular HUD or independent public accountant audit of PHA operations.

Records

The PHA must maintain budgets and cumulative cost records for review by HUD and independent auditors, as applicable.

Program Accomplishments

Fiscal Year 2008: The Department made available $2.08 billion to 3,104 grantees for modernization, improvement, and new development to Public Housing projects. Fiscal Year 2009: The Department will make available $2.05 billion to 3,098 grantees for modernization, improvement, and new development to Public Housing projects. Fiscal Year 2010: The Department will make available $1.9 billion to 3,098 grantees for modernization, improvement, and new development to Public Housing projects.

Financial Information

Account Identification

86-0304-0-1-604.

Obligations

(Formula Grants) FY 08 $2,080,803,138; FY 09 est $2,059,650,398; FY 10 est $1,935,237,822

Range and Average of Financial Assistance

$572 to $340,826,471; Average: $667,760.

Regulations, Guidelines and Literature

24 CFR Part 905.

Related Programs

14.884 Public Housing Capital Fund Competitive (Recovery Act Funded); 14.885 Public Housing Capital Fund Stimulus (Formula) Recovery Act Funded

Information Contacts

Regional or Local Office

See Regional Agency Offices. Inquiries should be addressed to the Public Housing Director who has jurisdiction over the PHA (See the Catalog, Appendix IV for HUD Field Office addresses).

Headquarters Office

Jeffrey Riddel 451 7th St. SW, Room 4130, Washington, District of Columbia 20410 Email: Jeffrey.Riddel@hud.gov Phone: 202-708-1640

Web Site Address

http://www.hud.gov/offices/pih/programs/ph/capfund/index.cfm.

Examples of Funded Projects

Not Applicable.

Criteria for Selecting Proposals

Not Applicable.