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2023 CAPITAL FUND PROCESSING INFORMATION

Highlights

The 2023 Capital Fund Program Grant Awards 

Once you open the ACC Amendments found in the file above, please follow these instructions:

**NOTE: This file may open in a Protected View. In this case, you will see a banner at the top of the page with button to click to "Enable Editing" and you will need to select "Enable Editing" in order to retrieve your ACCs.**

ENTER PHA CODE:  Select the yellow highlighted cell containing the text "Type PHA Code Here."  Type your 5 digit PHA Code in the cell. 

Click the Enter key.  Once you do so, the cell will no longer appear yellow and highlighted.

Once you have entered your PHA Code, information will automatically appear for the following:

  • Formal PHA Name
  • Grant Amount
  • Grant Number

Review the entire form, including the information displayed for PHA Code, Formal PHA Name, Grant Amount, and Grant Number. 

Fill in the remaining information on the form, including marking either "Yes" or "No" in paragraph 9.

Complete the signature portion at the bottom right.  The PHA Executive Director or his/her designee must sign and date the ACC Amendment.

  • List of Capital Fund Awards by PHA and Development (MS-Excel):  This year, we have combined the PHA and Development-level funding reports into a single Excel file. After you select a PHA code, the PHA-level information will display in rows 9 through 12, with the Development-level details directly below, beginning with row 15.

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.  PHAs are responsible for validating whether they are on the High Performer List High Performer List.  If a PHA believes there is an error in the calculation of their PHAS score it must send an e-mail explaining the error to the Real Estate Assessment Center (REAC) at PHAS@hud.gov . 

"Faircloth Limit" Unit Counts - Section 9(g)(3) of the United States Housing Act of 1937 ("Faircloth Amendment") limits the construction of new public housing units. The Faircloth Amendment states that the Department cannot fund the construction or operation of new public housing units with Capital or Operating Funds if the construction of those units would result in a net increase in the number of units the PHA owned, assisted or operated as of October 1, 1999. This requirement is referred to as the “Faircloth Limit.” The Faircloth Limit is adjusted for PHA transfers of ACC units, consolidations, and RAD removals. NATIONAL LIST OF MAXIMUM NUMBER OF UNITS ELIGIBLE FOR CAPITAL FUNDING AND OPERATING SUBSIDY BY PHA 12/31/2022 (Excel)  PHAs will not be funded for those units that exceed the Faircloth limit, and PHAs are responsible for reviewing the published Faircloth limits and notifying HUD if they believe their posted Faircloth Limit is in error. The list is updated on a quarterly basis. To notify HUD of a possible error in the posted Faircloth Limit, PHAs should send an email to PIHOCI@hud.gov with “Faircloth Limit Correction for…” and the PHA code in the subject line. 

Capital Fund Certification Schedule for 2023:  In preparation for the calculation of FFY 2023 Capital Fund grant awards, the annual PIC Certification process ran from July 5 through August 25, 2022. The “reporting date” for this round of certifications is June 30, 2022. During the certification period, PHA Executive Directors certify to the accuracy of the PHA’s inventory information in the PIC system as of the reporting date of June 30th. This process is critical to ensuring the accurate calculation of grant awards. For further information, please refer to the UPDATED Step-by-Step User Guide (PDF). If you encounter issues in IMS/PIC, including issues submitting building and unit data for approval, please consult the information on known system issues and workarounds available here: https://www.hud.gov/program_offices/public_indian_housing/systems/pic.

Schedule:

Reporting Date:             6/30/2022

Certification Open:        7/5/2022

Certification Deadline:  8/25/2022

 

HUDPIH-516391410-330 Version 1 Updated 5/21/2024