Public Housing Capital Fund Stimulus (Formula) Recovery Act Funded

To provide funds for the capital and management activities of Public Housing Agencies as authorized under section 9 of the United States Housing Act of 1937 (42 U.S.C.

1437g) (the ""Act"), with the exception that funds cannot be used for operations or rental assistance.

The funds will be
used for capital and management activities, including modernization and development of public housing.
Agency - Department of Housing and Urban Development
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).
Website Address

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.

Funds shall be obligated to public housing agencies within 30 days of enactment of the American Recovery and Reinvestment Act of 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 give priority consideration to the rehabilitation of vacant rental units.

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).

Any restriction of funding to replacement housing uses shall be inapplicable.

Funds provided shall supplement and not supplant expenditures from other Federal, State, or local sources or funds independently generated by the grantee.

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.

The funds may not be transferred to operations or used for operating activities.

PHAs should give priority to capital projects that can award contracts (based on bids) within 120 days and priority consideration to the rehabilitation of vacant rental units.

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