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Office
of Capital Improvements - Office of Public Housing InvestmentsThe Office
of Capital Improvement is one of three Offices under the Deputy Assistant Secretary
for Public Housing Investments (PHI). The other two offices under the DAS for
PIH are Office of Urban Revitalization (HOPE VI) and the Special Applications
Center (SAC), which is located in Chicago, Illinois. The Office administers
the Capital Fund program, which provides funds annually via a formula to approximately
3,200 public housing agencies (PHAs) across the country. PHAs may use Capital
Fund grants for development, financing, modernization, and management improvements.
The Office of Capital Improvements also oversees the Capital Fund Financing Program
that authorizes PHAs to borrow funds conditioned on a promise to pay the debt
service from Capital Fund grants. The Office provides technical assistance to
PHAs as well as, to HUD Field Offices relating to development, financing, modernization,
and management improvements of public housing developments. It prepares quarterly
reports to Congress on the status of the obligation and expenditure of Capital
Fund grants and implements the statutory sanctions for PHAs that are in noncompliance
with the statutory deadlines. The Office is also responsible for the development
of the Total Development Cost (TDC) limits and issuing a TDC Notice. The TDC provides
the standard cost limits for developing public housing projects of various sizes,
and types. The TDC limits also serve as a limit on the amount of money a PHA can
spend to modernize their existing public housing. One member of the staff
is the Environmental Officer for the Office of Public Housing.
Staff Directory The
Office of Capital Improvements staff can also be contacted via e-mail by clicking
on their names. |