Public Housing Capital Fund
Program Funding
Annual program obligations reported to SAM.gov.
Funded Projects
Examples of what this program has supported.
Program Objective
The Public Housing Capital Fund provides funds annually to Public Housing Agencies (PHAs) for capital and management activities, including modernization and development of public housing. The Public Housing 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. The Public Housing Capital Funds are intended to serve low-income residents.
Eligibility
Eligible Applicants
- Public Housing Authority
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.
Beneficiaries
- Public Housing Authority
Low-income public housing residents.
How to Apply
Application Procedure
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.
Award Procedure
HUD calculates the formula and allocates funding annually in accordance with the results of the formula.
Decision Timeline
- Appeal: From 30 to 60 days
HUD is required by its annual appropriation to announce award amounts within 60 days of enactment of the appropriation.
Program details & compliance
Description
The Public Housing Capital Fund provides funds annually to Public Housing Agencies (PHAs) for capital and management activities, including modernization and development of public housing. The Public Housing 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. The Public Housing Capital Funds are intended to serve low-income residents.
Mission Categories
Primary: Multifamily
Other categories:
Home Improvement
Use of Funds
Allowed Uses
The funds may be used for the development, financing and modernization of public housing developments and for management improvements.
Restrictions
Funds cannot 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. Assistanc must be used to modernize and/or develop public housing and must comply with the eligible activities of section 9(d) of the US Housing Act of 1937.
Required Documentation
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.
Reporting & Compliance
Applicable 2 CFR 200 Subparts
- Subpart E — Cost Principles
- Subpart F — Audit Requirements
Formula
Statutory Formula: Title 24 Chapter Part 905.400 Subpart Public Law