2018 CAPITAL FUND PROCESSING INFORMATION
The 2018 Capital Fund Program Grant Awards are now available, along with the Letter to Executive Directors, Additional Processing Guidance.*
* For FY 2018, PHAs are not executing a Capital Fund ACC Amendment, so there is no Timeline for submission of the Capital Fund ACC Amendment to the Field Office . Here is a list of important dates relevant to the FY 2018 Capital Fund Grant Awards:
Obligation Start Date: 5/29/2018
Obligation End Date: 5/28/2020
Expenditure End Date: 5/28/2022
Lobbying Certifications and Disclosures: HUD requires PHAs to submit lobbying certifications and disclosures to the offices from which they receive funds as a condition of the receipt of such funds. PHAs that receive Capital Fund awards are required to submit SF- LLL, if applicable, to the respective field office annually by 8/15/2018
- PHAS High Performer list for Federal Fiscal Year (FFY) 2018 Capital Fund Calculation: The Department is making preparations for calculating the Capital Fund formula for FFY 2018. As a part of the calculation, the Department is using the FFY 2016 PHAS designations to determine which PHAs will receive the high performer bonus for the 2018 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 Capital Fund Calculation spreadsheet (MS-Excel). 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.* A second spreadsheet lists PHAs whose High Performer status is pending and subject to change (MS-Excel). Please check both spreadsheets carefully.
If a PHA believes there is an error in the calculation of their PHAS score for FFY 2016 it must send an e-mail explaining the error to the Real Estate Assessment Center (REAC) at PHAS@hud.gov no later than 1/8/2018. Without exception, If the PHA does not contact REAC by 1/8/2018, the Office of Capital Improvements will use the High Performers in the published list in the FFY 2018 Capital Fund formula.
*FFY 2016 corresponds to the following fiscal year end quarters: 12/31/2015, 3/31/2016, 6/30/2016 and 9/30/2016.
- "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 āFaircloth Limit.ā 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 Faircloth limits and notifying HUD if they believe their posted Faircloth Limit is in error
PHAs should review the linked National List of Maximum Number of Units Eligible for Capital Funding and Operating Subsidy by PHA (PDF) and notify HUD by 1/8/2018 if they believe their posted Faircloth Limit is in error. To notify HUD of a possible error in the posted Faircloth Limit, PHAs should send an email to PIHOCI@hud.gov with āFaircloth Limit Correction forā¦ā and the PHA code in the subject line.
- Capital Fund Certification Schedule for 2018: The Capital Fund "reporting date" for this round of certifications is 6/30/2017. The Certification deadline will be August 28, 2017. For further information, please refer to the Step-by-Step User Guide (MS-Word).
Reporting Date: 6/30/2017
Certification Open: 7/1/2017
Certification Deadline: 8/28/2017
HUDPIH-516391410-3, Last Updated 7/10/2018