Public housing capital fund

The Department of Housing and Urban Development Public and Indian Housing Office awarded $724.303 million to the New York City Housing Authority on April 1, 2026, under the Public Housing Capital Fund (CFDA 14.872), a formula grant program funding capital and management activities for public housing serving low-income residents.

The award funds capital and management activities, including modernization and development of public housing, through March 31, 2030. The New York City Housing Authority, through its Office of Executive Vice President of Community Engagement, receives the funding for deployment across its portfolio in New York, NY. The Public Housing Capital Fund formula allocates resources annually to public housing agencies based on characteristics of their public housing inventory; PHAs certify inventory information in HUD's Information Management System (IMS)/Public Housing Information Center (PIC) system, and HUD calculates and announces allocations within 60 days of annual appropriation enactment. The program permits PHAs to use capital funds for modernization, development, financing activities including debt service and customary financing costs in standard and mixed-finance developments.