The Department of Housing and Urban Development (HUD) is offering a federal grant titled the Capital Fund High Risk/Receivership/Substandard/Troubled Program, aimed at supporting public housing authorities (PHAs) that are designated as troubled, substandard, or in receivership. This program provides funding to cover administrative and judicial receivership costs, as well as competitive grants for public housing asset improvements, with a total estimated funding of $12.5 million and individual awards ranging from $250,000 to $3 million. The opportunity is crucial for enhancing the operational capacity and living conditions within public housing, ensuring that PHAs can effectively manage and improve their facilities. Interested applicants must submit their proposals by July 23, 2024, and can reach out to the HUD's PIH Office of Field Operations at NOFO_FY24@hud.gov for further information.