Public Housing Capital Fund

 

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.

Active 14.872 Office of Public and Indian Housing, Department of Housing and Urban Development A - Formula Grants Fiscal Year 2016 The Department will make available $1.54 billion to approximately 3,100 grantees for modernization, improvement, and new development to Public Housing projects. The Department made available approximatley $1.54 billion to approximately 3,100 grantees for modernization, improvement, and new development to Public Housing projects.
Fiscal Year 2017 The Department will make available $1.1 million to approximately 3,100 grantees for modernization, improvement, and new development to Public Housing projects.
Fiscal Year 2018 The Department will make available $1.1 million to approximately 3,100 grantees for modernization, improvement, and new development to Public Housing projects.
Fiscal Year 2019 The Department will make available $1.1 million to approximately 3,100 grantees for modernization, improvement, and new development to Public Housing projects. Housing Act of 1937, as amended; Quality Housing and Work Responsibility Act of 1998, Consolidated Appropriations Act 2017, Public Law 114-113 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. Low-income public housing residents. 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). Preapplication coordination is required. 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. 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. 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. The Field Office reviews and approves the PHA Plan, which includes information relative to the CFP. Contact the headquarters or regional location, as appropriate for application deadlines 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. Not applicable. Not applicable. Not applicable. 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. Performance Reports: Performance monitoring is also part of the performance and evaluation reports. The CFP is audited in conjunction with the regular HUD or independent public accountant audit of PHA operations. The PHA must maintain budgets and cumulative cost records for review by HUD and independent auditors, as applicable. Statutory Formula: Title 24 Part 905 Subpart 10

Matching requirements are not applicable to this assistance listing.

MOE requirements are not applicable to this assistance listing. 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. 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). David Flieshman
451 7th Street
Washington, DC 20410 US
David.Flieshman@hud.gov
Phone: 202.402.2488 http://www.hud.gov/offices/pih/programs/ph/capfund/index.cfm. 86-0304-0-1-604 (Formula Grants) FY 18$2,362,617,384.00; FY 19 est $2,367,037,301.00; FY 20 est $0.00; FY 17$1,785,565,332.00; FY 16$1,799,528,000.00; - $5,527 to $300,862,746; Average: $583,427 24 CFR Part 905. Not applicable.