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Public Housing Capital Fund Stimulus (Formula) Recovery Act Funded
1437g) (the ""Act"), with the exception that funds cannot be used for operations or rental assistance.
The funds will be
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.
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.
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 of 1937.
PHAs must submit the following documents: ACC amendment form HUD-52840-A. 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 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.
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.
Award Procedures
To be determined.
Deadlines
Not Applicable.
Authorization
Housing Act of 1937, as amended; American Recovery and Reinvestment Act of 2009 (ARRA).
Range of Approval/Disapproval Time
Not Applicable.
Appeals
Not Applicable.
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: public housing agencies shall obligate 100 percent of the funds within 1 year of the date on which funds become available to the agency for obligation, shall expend at least 60 percent of funds within 2 years of the date on which funds become available to the agency for obligation, and shall expend 100 percent of the funds within 3 years of such date. See the following for information on how assistance is awarded/released: No information provided.
Post Assistance Requirements
Reports
As required by 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 (Formula) 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 $3,000,000,000; FY 10 est $0
Range and Average of Financial Assistance
Grants range from $9,187 to $423,284,344 with average grant amount being $952,456.
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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