The Department is pleased to announce that it has published a Notice of Funding Availability (NOFA) making $995 million of Capital Fund Recovery Act funding available to PHAs. The Department is excited about the benefits that will be realized by providing this funding. In addition to providing a powerful stimulus to the economy through job creation, this funding has the potential of transforming the public housing program in a number of ways. First it will direct a significant amount of funding to address the needs of the elderly and persons with disabilities. Second, it will provide a substantial amount of funding to transform distressed public housing. Third, it will provide gap financing. Finally, it will make a large investment in improving the energy efficiency and environmental performance of public housing. To view a .pdf version of the NOFA, click on the link above. The Department also issued an email to all PHAs announcing publication of the NOFA.
American Recovery and Reinvestment Act of 2009 - Announcement of formula funding awards
In compliance with the American Recovery and Reinvestment Act of 2009 (ARRA), the Department hereby announces the award of $2.985 billion in ARRA Capital Fund amounts calculated in accordance with the 2008 Capital Fund formula. (The Department withheld $15 million of the $3 billion allocated for formula grant funding under ARRA to fund a .5% set-aside outlined in ARRA to pay for costs associated with implementing the Act.) The Office of Capital Improvements Recovery web page contains links identifying specific grant amounts and providing ACC Amendments. PHAs are to sign ACC Amendments for the awarded funds and forward them to their respective Field Offices no later than Monday, March 9, 2009.
This announcement does not include $1 billion in Capital Funds that the Department is to allocate through a competition. The Department will notify PHAs about the competition through a separate announcement.