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  1. The PIH Office of Capital Improvements administers the Capital Fund. The Capital Fund provides funds, annually, to Public Housing Agencies (PHAs) for the development, financing, and modernization of public housing developments and for management improvements.

  2. 29 Αυγ 2024 · Capital Fund Certification Schedule for FY 2024: In preparation for the calculation of FFY 2024 Capital Fund grant awards, the annual PIC Certification process will from July 5th through August 15, 2023. The “reporting date” for this round of certifications is June 30, 2023.

  3. 21 Μαΐ 2024 · Capital Fund Calculation Process. PHAS High Performer List for Federal Fiscal Year (FFY) 2023 Capital Fund Formula Grant Calculations: The Department used the most recent PHAS designations (6/30/2022) to determine which PHAs received the High Performer bonus for the 2023 formula calculation.

  4. The Public Housing Capital Fund Program (Capital Fund Program or CFP) provides financial assistance to public housing agencies (PHAs) and resident management corporations (RMC) (pursuant to 24 CFR 964.225) to make improvements to existing public housing.

  5. • Understand the key changes of the Capital Fund program, based on the Final Rule. • Know eligible and ineligible activities under the Capital Fund program. • Understand the annual Capital Fund submission requirements and how the funds will be distributed by HUD.

  6. The PHA has a HUD-approved Capital Fund Five Year Action Plan and has complied with the requirements for reporting on open grants through the Performance and Evaluation Report. The

  7. HUD will withhold PHA's next Capital Fund grant until the PHA obligates at least 90% of its past due grant When the PHA cures the non-compliance, HUD (HQ OCI) will release the Capital Fund Grant that has been withheld, less any penalty. Reduction of the new Capital Fund Grant by 1/12 for every

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