Content provided by the Catalog of Federal Domestic Assistance
14.872 Public Housing Capital Fund
PUBLIC AND INDIAN HOUSING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
Housing Act of 1937, as amended; Quality Housing and Work Responsibility Act of 1998, Public Law 105-276.
The Capital Fund provides funds annually to Public Housing Agencies (PHAs) for capital and management activities, including modernization and development of public housing.
TYPES OF ASSISTANCE:
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.
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.
Pre-application Coordination: PHAs consult with local government officials and PHA residents as they plan for activities to be included in the CFP. 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.
Formula and Matching Requirements: The formula is based on the backlog and accrual needs of PHAs. There are no matching requirements.
POST ASSISTANCE REQUIREMENTS:
Reports: To be determined through the rule making process.
Account Identification: 86-0304-0-1-604.
Section 519 of the Quality Housing and Work Responsibility Act of 1998 authorized the CFP beginning in fiscal year 2000. A Rule was published in the Federal Register on March 16, 2000 on the formula allocation process. A proposed rule for comment and a final rule on CFP implementation will be published in the Federal Register later in this Fiscal Year. In FY 00 $2,859,391,700, and in FY 01 $2,900,000,000 was made available for 3,166 PHAs.
REGULATIONS, GUIDELINES, AND LITERATURE:
24 CFR Part 905.
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).
EXAMPLES OF FUNDED PROJECTS:
CRITERIA FOR SELECTING PROPOSALS: