2024 CAPITAL FUND PROCESSING INFORMATION

Highlights

The 2024 Capital Fund Program Grant Awards

FY 2024 Capital Fund Processing Guidance for PHAs (Revised)
*As of 05/13/2024, this processing guidance has been updated to reflect the following changes:
- Page 3 updates the forms required for the Capital Fund submission as follows:
  HUD Form 50071, Certification of Payments to Influence Federal Transactions (if applicable).
  Certification of Compliance with Public Hearing - PHA must submit a copy of one of the following:
  For Non-Qualified PHAs: form HUD-50077-ST-HCV-HP includes this certification.
- Page 5: Removes the following language:
  Large PHAs seeking to place more than 25% of FY 2024 Capital Funds onto 1406 Operations for anticrime and antidrug activities ONLY must request a waiver in writing addressed to the Director of the Office of Capital Improvements, David.Fleischman@HUD.gov, , and your local HUD Field Office. Requests may also be e-mailed to PIHOCI@hud.gov.
FY 2024 Letter to Executive Directors
2024 ACC Amendments (MS Excel) (Revised 08/29/2024)
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) 2024 Capital Fund Formula Grant Calculations: The Department is making preparations for calculating the Capital Fund Formula for FFY 2024. As part of the calculation, the Department is using the PHAS designations as of 6/30/2023 to determine which PHAs will receive the High Performer bonus for the FY 2024 formula calculation. PHAs are responsible for validating whether they are on the High Performer List that will be the basis for the formula calculation by reviewing the linked High Performer List spreadsheet (PDF). The spreadsheet lists PHAs that are designated as High Performers. Also included in the spreadsheet are the Housing Authority Code, the Housing Authority Name, the Component Scores, and the Fiscal Year End that corresponds to the High Performer ranking.* If a PHA believes there is an error in the calculation of their current PHAS score, it must send an e-mail explaining the error to the Real Estate Assessment Center (REAC) at REACHPList@hud.gov no later than 3/25/2024. Without exception, if the PHA does not contact the REAC by 3/25/2024, the Office of Capital Improvements will use the High Performers in the published list in the FFY 2024 Capital Fund Formula.

NATIONAL LIST OF MAXIMUM NUMBER OF UNITS ELIGIBLE FOR CAPITAL FUNDING AND OPERATING SUBSIDY BY PHA 12/31/2023 (Excel)
"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.

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.

To notify HUD of a possible error in the posted Faircloth Limit that may impact FFY 2024 Capital Fund grant awards, PHAs should send an email to PIHOCI@hud.gov with “Faircloth Limit Correction for…” and the PHA code in the subject line, NO LATER THAN March 25, 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. 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 30^th. 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: 6/30/2023
Certification Open: 7/5/2023
Certification Deadline: 8/15/2023

HUDPIH-516391410-413 Last Updated 8/29/2024