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.

General information about this opportunity
Last Known Status
Active
Program Number
14.872
Federal Agency/Office
Agency: Department of Housing and Urban Development
Office: Office of Public and Indian Housing
Type(s) of Assistance Offered
FORMULA GRANTS
Program Accomplishments
Fiscal Year 2014: The Department made available $1.53 billion to approximately 3,100 grantees for modernization, improvement, and new development to Public Housing projects. Fiscal Year 2015: The Department will make available $1.51 billion to approximately 3,100 grantees for modernization, improvement, and new development to Public Housing projects. Fiscal Year 2016: The Department will make available $1.55 billion to approximately 3,100 grantees for modernization, improvement, and new development to Public Housing projects.
Authorization
Housing Act of 1937, as amended; Quality Housing and Work Responsibility Act of 1998, Consolidated Appropriations Act 2015, Public Law 113-235.
Who is eligible to apply/benefit from this assistance?
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). 2 CFR 200, Subpart E - Cost Principles applies to this program.
What is the process for applying and being award this assistance?
Pre-Application Procedure
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 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. 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.
Approval/Disapproval Decision 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.
How are proposals selected?
Not Applicable.
How may assistance be used?
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.
What are the requirements after being awarded this opportunity?
Reporting
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.
Auditing
In accordance with the provisions of 2 CFR 200, Subpart F - Audit Requirements, non-Federal entities that expend financial assistance of $750,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Non-Federal entities that expend less than $750,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in 2 CFR 200.503. 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.
Other 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.
Who do I contact about this opportunity?
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.
Website Address
http://www.hud.gov/offices/pih/programs/ph/capfund/index.cfm.
Financial Information
Account Identification
86-0304-0-1-604.
Obligations
(Formula Grants) FY 14 $1,579,392,467; FY 15 est $1,595,001,560; and FY 16 est $1,602,904,176
Range and Average of Financial Assistance
$5,527 to $300,862,746; Average: $583,427.
Regulations, Guidelines and Literature
24 CFR Part 905.
Examples of Funded Projects
Not Applicable.

 


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