Capital Fund High Risk/Receivership/Substandard/Troubled Program
ID: 353767Type: Posted
Overview

Buyer

Department of Housing and Urban Development (HUD)

Award Range

$250K - $3M

Eligible Applicants

Public Housing Authorities/Indian Housing Authorities

Funding Category

Housing

Funding Instrument

Grant

Opportunity Category

Discretionary

Cost Sharing or Matching Requirement

Yes

Original Source

https://grants.gov/search-results-detail/353767

Additional Information

https://www.hud.gov/program_offices/public_indian_housing/programs/ph/capfund
Timeline
    Description

    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.

    Point(s) of Contact
    NOFO_FY24@hud.gov
    Files
    Title
    Posted
    50075.1.pdf
    The U.S. Department of Housing and Urban Development (HUD) has issued the Annual Statement/Performance and Evaluation Report for its Capital Fund Program and related initiatives. This document serves as a crucial tool for Public Housing Authorities (PHAs) to report on grant expenditures and evaluate project performance, particularly regarding allowable costs associated with capital improvements. The form requires detailed financial breakdowns, including estimated and actual costs for various development activities, alongside compliance certifications from housing officials. The report is structured into several parts: an overview of funding types, summary statistics by development account, and an implementation schedule for capital expenditures. Specific lines detail grants related to operations, management improvements, and security enhancements, while others are dedicated to tracking obligations and expenditures effectively. A significant aspect is the emphasis on accountability, with strict guidelines for the usage of funds, particularly for PHAs with fewer than 250 units, who can allocate grants primarily for operational costs. Overall, this report ensures that PHAs transparently report on their funding allocations and expenditures, promoting proper oversight in the use of federal housing grant funding.
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