Grant Community.com

Catalog of Federal Domestic Assistance

Program Descriptions

CATALOG OF FEDERAL DOMESTIC ASSISTANCE

14.872:  Public Housing Capital Fund

Popular Name:  CFP

Objectives:  The Capital Fund Program provides funds, annually, to Public Housing Agencies (PHAs) for capital and management activities, including modernization and development of public housing.

PROGRAM AND AWARD FINANCIAL AND INFORMATION CONTACTS
ELIGIBILITY REQUIREMENTS FINANCIAL AND ADMINISTRATIVE INFO.
APPLICATION AND AWARD PROCESS INFORMATION CONTACTS
RELATED PROGRAMS ASSISTANCE CONSIDERATIONS
PROGRAM ACCOMPLISHMENTS POST ASSISTANCE REQUIREMENTS


14.872 ELIGIBILITY REQUIREMENTS:

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).

14.872 APPLICATION 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.

Application Procedure:  PHAs annually submit a PHA Plan to the local HUD Field Offices (FO) 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 FO reviews and approves the PHA Plan which includes information relative to the CFP.

Deadlines:  PHAs must submit a PHA Plan to the FO 75 days in advance of the PHA's Fiscal Year.

Range of Approval/Disapproval Time:  The FO 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.

Criteria for Selecting Proposals:  Not applicable.

Examples of Funded Projects:  Not applicable.

Range and Average of Financial Assistance:  In Federal Fiscal Year (FFY) 1999, the range of funding for grants provided for capital improvements was $12,086 to $434,798,661. The average grant was about $849,000.

14.872 RELATED PROGRAMS:

None.

14.872 PROGRAM ACCOMPLISHMENTS:

Section 519 of the Quality 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 this fiscal year.

14.872 FINANCIAL AND ADMINISTRATIVE INFO:

Federal Agency:  PUBLIC AND INDIAN HOUSING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Type of Assistance:  Formula Grants.

Obligations:  (Grants) FY 99 $2,172,545,272; FY 00 est $3,044,000,000; and FY 01 est $2,911,000,000. (Note: FY 99 under programs 14.852 and 14.859.)

Budget Account Number:  86-0304-0-1-604.

Authorization:  Housing Act of 1937, as amended; Quality Housing and Work Responsibility Act of 1998, Public law 105-276.

Regulations, Guidelines, and Literature:  24 CFR Part 905.

14.872 INFO CONTACTS:

Regional or Local Office:  Inquiries should be addressed to the Public Housing Director of the appropriate FO that has jurisdiction over the PHA. (See the Catalog Appendix IV for HUD FO addresses).

Headquarters Office:  Assistant Secretary for Public and Indian Housing Development, Washington, DC 20410. Phone: (202) 708-0950.

(See Appendix IV for more contact info.)

14.872 ASSISTANCE CONSIDERATIONS:

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.

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; cost funded by other HUD programs; and ineligible activities as determined by HUD on a case-by-case basis.

14.872 POST ASSISTANCE REQUIREMENTS:

Reports:  To be determined through the rulemaking 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.

About    News     Grant Management Software     Federal Grant Programs    Audits    Studies    Expenditures     Links

Last Updated, November, 2000             Comments or Questions?           ©Grant Community.com 2000, All Rights Reserved