The public housing capital fund program (CFP) was created by an amendment to the 1937 act by the quality housing and work responsibility act (QHWRA) in 1998 (adding section 9(D) to the 1937 act…

The Department of Housing and Urban Development Public and Indian Housing Office awarded the Breckenridge Housing Authority $212,835 under the Public Housing Capital Fund (CFDA 14.872) on April 1, 2026. The award funds public housing modernization, development, management improvements, and other eligible capital activities as specified in 24 CFR Part 905, serving low-income residents in Breckenridge, Minnesota. The period of performance runs through March 31, 2030. The Public Housing Capital Fund provides formula-based grants to public housing agencies for capital and management activities including structural renovations, site improvements, development of additional public housing units, and debt service and financing costs in standard and mixed-finance developments. PHAs maintain accurate inventory data in HUD's Information Management System and Public Housing Information Center system and submit annual certifications to support formula calculations. The Breckenridge Housing Authority's capital fund award is part of a broader federal footprint that includes concurrent Public Housing Operating Fund grants supporting day-to-day operations and maintenance expenses.

Activities

The phas receive federal funds from the U.S. Department of housing and urban development (HUD) to administer the public housing fund. Public housing capital funds may only be used for activities that are described as eligible activities in 24 CFR 905.200 and are either specified in an approved 5-year action plan or approved by HUD for emergency work or work needed because of a non-presidentially declared natural disaster. Public housing development, modernization, and financing are the major activities to be performed. Development is activities and related costs that add to (or significantly reconfigure) public housing units in a PHA's inventory, including construction and acquisition of additional public housing units, with or without rehabilitation, and any-and-all undertakings necessary for planning, design, financing, land acquisition, demolition, construction, or equipment of public housing units, and related buildings, facilities, and/or appurtenances (i.e., non-dwelling facilities/spaces). Development also includes any mixed-finance modernization, all relevant modernization uses (other than management improvements), financing uses, and development of non-dwelling space where such space is needed to administer, and is of direct benefit to a public housing project (i.e. housing developed, acquired, or assisted by a PHA under the 1937 act, and the improvement of any such housing), including the residents. Financing debt and financing costs (e.g., origination fees, interest) incurred by a PHA for development or modernization of public housing projects, including mixed-finance development, the capital fund financing program (CFFP), and any other use authorized under section 30 of the 1937 act. Modernization includes all eligible activities except for development and financing. Physical work is a major activity and is work that is done on the physical structures, site, and grounds of a public housing property or structure. Major physical activities include demolition, reconfiguration, emergency activities, energy efficiency, non-routine maintenance, planned code compliance, and vacancy reduction. The measurable outcome of this grant is that HUD will be able to track the amount of dollars spent on improvements to the structures, units, common areas, utilities, and other eligible activities.

Expected outcomes

The expected outcomes for public housing capital funds of approximately $3.2 billion will be put into the development, modernization, and financing of nearly 1 million public housing units across all 50 states and territories. The public housing units are updated to be decent, safe, sanitary and to comply with federal housing standards. Phas can also use a portion of the capital funding for management improvements or operating activities including safety and security costs.

Intended beneficiaries

The intended beneficiaries for public housing capital funds are the low-income public housing residents.

Subrecipient activities

The recipient does not intend to subaward funds.