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| 14.872 PUBLIC HOUSING CAPITAL FUND |
| (CFP) |
| FEDERAL AGENCY |
| PUBLIC AND INDIAN HOUSING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT |
| AUTHORIZATION |
| Housing Act of 1937, as amended; Quality Housing and Work Responsibility Act of 1998, Public Law 105-276. |
| OBJECTIVES |
| 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. |
| TYPES OF ASSISTANCE |
| Formula Grants. |
| 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. |
| 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). |
| Preapplication 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. |
| Application Procedure |
| 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 |
| PHAs must submit a PHA Plan to the Field Office 75 days in advance of the PHA's fiscal year. |
| Range of Approval/Disapproval Time |
| 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 |
| To be determined through the rule-making process. |
| Renewals |
| None. |
| Formula and Matching Requirements |
| The formula is based on the backlog and accrual needs of PHAs. There are no matching requirements. |
| Length and Time Phasing of Assistance |
| The statute requires that CFP funds allocated to a PHA be fully obligated within 2 years and expended in 4 years unless the Secretary extends the time period. |
| Reports |
| To be determined through the rule-making process. |
| Audits |
| 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. |
| Account Identification |
| 86-0304-0-1-604. |
| Obligations |
| (Grants) FY 07 $2,493,865,000; FY 08 est $2,327,452,000; and FY 09 est $1,939,038,000. |
| Range and Average of Financial Assistance |
| $572 to $340,826,471; $667,760. |
| PROGRAM ACCOMPLISHMENTS |
| Section 519 of the Quality Housing and Work Responsibility Act of 1998 authorized the CFP. A Rule was published in the Federal Register on March 16, 2000 on the formula allocation process A proposed Rule for comment on CFP implementation as well as implementation of the Capital Fund Financing Program will be published in the Federal Register later in this Fiscal Year. |
| REGULATIONS, GUIDELINES, AND LITERATURE |
| 24 CFR Part 905. |
| Regional or Local Office |
| 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 |
| Assistant Secretary for Public and Indian Housing, Washington DC 20410. Telephone: (202) 708-0950. |
| Web Site Address |
| http://www.hud.gov/offices/pih/programs/ph/capfund/index.cfm |
| RELATED PROGRAMS |
| None. |
| EXAMPLES OF FUNDED PROJECTS |
| None. |
| CRITERIA FOR SELECTING PROPOSALS |
| None. |
|
General Services Administration Office of Chief Acquisition Officer Regulatory and Federal Assistance Division (VIR) |
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