HUD Releases 2017 Capital Fund Processing Information

On June 30, HUD posted Capital Fund Program (CFP) grant awards for formula grants and, where applicable, Replacement Housing Factor grant(s) (RHF) for FY 2017. The obligation start date for FY 2017 Capital Funds will be August 16, 2017 with an obligation end date of August 16, 2019 and a disbursement end date of August 16, 2021.

PHAs can access information on their specific agencies on the HUD PIH website for the Capital Fund Program. PHAs have until August 2, 2017 to submit three original signed and dated ACC Amendments for each 2017 formula & RHF grant, along with the corresponding CF Annual Statement form HUD 50075.1 (Parts I & II) to their Regional and Field HUD office. HUD notes, “to ensure that your PHA has access to its Capital Funds as soon as possible, please adhere to the timeline that has been established.” Regional and Field HUD offices will execute ACC for Amendments for FY 2017 Capital Fund grants on August 16, 2017. The final submission date for all pending ACC Amendments is September 1, 2017. PHAs that miss that deadline will have their grants rescinded and de-reserved.

PHAs can find their 2017 ACC Amendments on HUD’s PIH website for the Capital Fund Program. Agencies will be required to download an Excel spreadsheet and enter their PHAs code and the grant number. Once that information is selected, the form will self-populate.

HUD is required by Congress to notify PHAs of their formula allocation within 60 days of enactment of the FY 2017 omnibus (passed on May 4, 2017). Each year, NAHRO urges Congress to require the timely distribution of these funds, and is pleased to see the timely release of subsidy processing information.

HUD also released a timeline for FY 2017 Capital Fund program formula and RHF grants.

For NAHRO’s analysis of Public Housing programs within the 2017 omnibus, click here (members only)