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Public Housing Capital Fund Competitive (Recovery Act Funded)
1437g) (the ""Act"), with the exception that funds cannot be used for operations or rental assistance.
The funds shal1
The Department of Housing and Urban Development's mission is to increase homeownership, support community development and increase access to affordable housing free from discrimination. HUD fulfills this mission through high ethical standards, management and accountability, and by forming partnerships with community organizations.
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).
http://www.hud.gov/offices/pih/programs/ph/capfund/index.cfm
Program Accomplishments
Fiscal Year 2008: The use of the Capital Fund Program in support of the American Recovery and Investment Act of 2009 goals of creating jobs, jumpstarting the economy and targeting investment. Fiscal Year 2009: No Current Data Available Fiscal Year 2010: No Current Data Available
Uses and Use Restrictions
The funds may be used for the development, financing and modernization of public housing developments and for management improvements.
Public housing agencies shall give priority consideration to the rehabilitation of vacant rental units.
Funds shall be obligated through competitive funding by September 30, 2009.
Public housing authorities shall give priority to capital projects that can award contracts based on bids within 120 days from the date the funds are made available to the public housing authorities.
Public housing agencies shall prioritize capital projects that are already underway or included in the 5-year capital fund plans required by the Act (42 U.S.C.
1437c-1(a)).
Funds provided under this heading shall serve to supplement and not supplant expenditures from other Federal, State, or local sources or funds independently generated by the grantees.
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.
The funds may not be used for rental assistance activities.
These funds may not be transferred to operations or used for operating activities.
Eligibility Requirements
Applicant Eligibility
Other public institution/organization: Housing
Beneficiary Eligibility
Low Income
Credentials/Documentation
PHAs shall prioritize capital projects that are already underway or already in their 5-year capital fund plans required by the Housing Act.
PHAs must submit an application in accordance with the Funding Notice. This program is excluded from coverage under OMB Circular No. A-87.
Aplication and Award Process
Preapplication Coordination
PHAs consult with local government officials and PHA residents as they plan for activities to be included in the application for the funds.
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.
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 Procedures
This program is excluded from coverage under OMB Circular No. A-102. This program is excluded from coverage under OMB Circular No. A-110. PHAs must submit an application in accordance with the Funding Notice.
Award Procedures
Funds will be awarded in accordance with the Funding Notice.
Deadlines
Contact the headquarters or regional office, as appropriate, for application deadlines.
Authorization
Housing Act of 1937, as amended; American Recovery and Reinvestment Act of 2009 (ARRA).
Range of Approval/Disapproval Time
These terms will be established in the Funding Notice.
Appeals
The appeals process will be established in the Funding Notice.
Renewals
Not Applicable.
Assistance Considerations
Formula and Matching Requirements
This program has no statutory formula.This program has no matching requirements. This program does not have MOE requirements.
Length and Time Phasing of Assistance
Three years with the following restrictions: requires that CFP Stimulus funds allocated to a PHA be fully (100 percent) obligated within 1 year, 60 percent expended within 2 years and 100 percent expended within 3 years. See the following for information on how assistance is awarded/released: No information provided.
Post Assistance Requirements
Reports
As required under the ARRA.
Cash reports are not applicable.
Progress reports are not applicable.
Expenditure reports are not applicable.
Performance monitoring is not applicable.
Audits
This program is excluded from coverage under OMB Circular No. A-133. The CFP Stimulus 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.
Financial Information
Account Identification
86-0305-0-1-604 - 86-0305 2009/2011.
Obigations
(Salaries) FY 08 $0; FY 09 est $1,000,000,000; FY 10 est $0
Range and Average of Financial Assistance
To be determined.
Regulations, Guidelines, and Literature
24 CFR Part 905, as applicable.
Information Contacts
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
Assistant Secretary for Public and Indian Housing Assistant Secretary for Public and Indian Housing, Washington 20410 Email: POC@DHS.gov Phone: (202) 708-0950
Criteria for Selecting Proposals
Not Applicable.
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