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 HUD provided $2.6 billion to grantees for modernization, improvement, and new development to Public Housing projects.
Fiscal Year 2020 The Department has made $2.7 billion available to approximately 2,900 grantees for modernization, improvement, and new development to Public Housing projects.
Fiscal Year 2023 The Department provided $3.16 billion to approximately 2,770 grantees for modernization, improvement, and new development to Public Housing projects.
Fiscal Year 2024 Fiscal Year 2024: The Department is projecting to provide $3.225 billion available to approximately 2,770 grantees for modernization, improvement, and new development to Public Housing projects. Housing Act of 1937, as amended, Public Law -
Consolidated Appropriations Act, 2021, Public Law 116-260, Public Law -
Quality Housing and Work Responsibility Act of 1998
Further Consolidated Appropriations Act 2020, Public Law 116-94
Consolidated Appropriations Act, 2022, Public Law 117-103
Consolidated Appropriation Act, 2023, Public Law 117-328 The PHA must demonstrate that it has the legal authority to develop, own, modernize and operate a public housing development in accordance with United States Housing Act of 1937. Low-income public housing residents. PHAs must submit the following documents for the Capital Fund Program: Certification of Compliance w/Public Hearing, HUD form HUD-50077-ST-HCV-HP; HUD form 50071, Certification of Payments to Influence Federal Transactions; Civil Rights Certification, Form HUD-50077CR; Form SF-LLL, Disclosure of Lobbying Activities (where applicable). 2 CFR 200, Subpart E - Cost Principles applies to this program. Preapplication coordination is not applicable. 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. There is no application for this program because it is based on a formula based largely on the characteristics of the public housing inventory. PHAs maintain accurate information about their public housing inventory in the Information Management System (IMS)/Public Housing Information Center (PIC) system. PHAs submit an annual IMS/PIC Capital Fund certification to certify to the information in IMS/PIC. HUD calculates the formula and allocates funding annually in accordance with the results of the formula. Contact the headquarters or regional location, as appropriate for application deadlines. Public Housing Capital Funds are specifically for Public Housing Agencies (PHAs). In general, Capital Fund formula grant awards are announced 60 days after annual consolidated appropriations bill enactment. HUD is required by its annual appropriation to announce award amounts within 60 days of enactment of the appropriation. 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 EPIC reporting. 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 (2 CFR 200.333-200.337). Statutory Formula: Title 24 Part 905.400

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 ninety percent obligated within two years and one hundred percent 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 Fleischman
451 7th Street, SW
Washington, DC 20410 US
David.Fleischman@hud.gov
Phone: 202.402.2071 http://www.hud.gov/offices/pih/programs/ph/capfund/index.cfm. 86-0481-0-1-604 (Formula Grants) FY 22$3,144,445,584.00; FY 23 est $3,172,000,000.00; FY 24 est $3,173,000,000.00; FY 21$2,710,162,325.00; FY 20$2,494,218,487.00; FY 19$2,624,321,000.00; FY 18$2,362,617,384.00; FY 17$1,785,565,332.00; FY 16$1,799,528,000.00; - $3,610 to $751,874,745; Average: $1,141,462 24 CFR Part 905. Not applicable.