Public Housing Capital Fund
Active
- Assistance listing
- 14.872
- Agency
-
Public and Indian Housing Office
Department of Housing and Urban Development
- Grant awards
- 81,424 $52,898,048,789 in federal obligations
Program facts
- Also known as
- (CFP)
- Assistance types
-
- Formula Grant
- Project Grant
- Treasury accounts
-
- 86-0304-0-1-604
- 86-0481-0-1-604
- More information
Program details come from SAM.gov Assistance Listings. Updated . Grant award figures come from USAspending.gov.
About this program
The Department of Housing and Urban Development's Public and Indian Housing Office distributes funding annually to Public Housing Agencies for capital and management activities under the Public Housing Capital Fund (CFDA 14.872), with the most recent grant awards made on August 3, 2026. The program is active and stable, having awarded 81,424 grants since 1998 with approximately 2,800 awards per year over the past five years and $52.9 billion in total federal dollars obligated. Grant awards are announced within 60 days of annual appropriations enactment and distributed to approximately 2,770 PHAs serving nearly one million public housing units across all 50 states and territories.
PHAs use Capital Funds for modernization, development, management improvements, debt service, and financing costs in public and mixed-finance developments. Recent awards reflect two distinct funding tracks: emergency and disaster set-asides funding safety and security emergencies (maximum $250 thousand per award, lottery-based due to high demand), and annual formula grants funding broader capital and modernization activities (ranging from approximately $45 thousand to over $13 million). Representative recent awards include a Connecticut PHA ($1.2 million for disaster recovery capital needs, May 2026), an Ohio PHA ($13.5 million for capital modernization, April 2026), and multiple state PHAs receiving $250 thousand in emergency safety and security grants (August 2026).
The program operates exclusively as Formula Grants, which account for 100 percent of awards. HUD calculates allocations annually using a formula based primarily on public housing inventory characteristics; there is no competitive application process. PHAs submit annual certifications to verify inventory data in HUD's Information Management System. Appeals of formula allocations must be submitted within 45 days of award announcements. Obligation deadlines can be extended, but expenditure deadlines are firm. The program is governed by 2 CFR 200 and 24 CFR Part 905, with required compliance audits conducted in conjunction with regular PHA audits.
Objective and description
- Objective
The Public Housing Capital Fund provides funds annually to Public Housing Agencies (PHAs) for capital and management activities, including modernization and development of public housing. The Public Housing Capital fund also permits PHAs to use Capit
- Description
The Public Housing Capital Fund provides funds annually to Public Housing Agencies (PHAs) for capital and management activities, including modernization and development of public housing. The Public Housing Capital fund also permits PHAs to use Capital Funds for financing activities, including payments of debt service and customary financing costs, in standard PHA developments and in mixed-finance developments which include Public Housing. The Public Housing Capital Funds are intended to serve low-income residents.
Eligibility
- Applicant eligibility
The PHA must demonstrate that it has the legal authority to develop, own, modernize and operate a public housing development in accordance with United States Housing Act of 1937.
- Beneficiary eligibility
Low-income public housing residents.
- Uses of assistance
The funds may be used for the development, financing and modernization of public housing developments and for management improvements.
- Use restrictions
Funds cannot be used for luxury improvements, direct social services, costs funded by other programs, and ineligible activities as determined by HUD on a case-by-case basis. Assistanc must be used to modernize and/or develop public housing and must comply with the eligible activities of section 9(d) of the US Housing Act of 1937.
- Length and time phasing of assistance
The statute requires that CFP funds allocated to a PHA be ninety percent obligated within two years and one hundred percent expended in four years unless the Secretary extends the time period.
How to apply
- Application procedure
2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. There is no application for this program because it is based on a formula based largely on the characteristics of the public housing inventory. PHAs maintain accurate information about their public housing inventory in the Information Management System (IMS)/Public Housing Information Center (PIC) system. PHAs submit an annual IMS/PIC Capital Fund certification to certify to the information in IMS/PIC.
- Award procedure
HUD calculates the formula and allocates funding annually in accordance with the results of the formula.
- Deadlines
Contact the headquarters or regional location, as appropriate for application deadlines. Public Housing Capital Funds are specifically for Public Housing Agencies (PHAs). In general, Capital Fund formula grant awards are announced 60 days after annual consolidated appropriations bill enactment.
- Time to approval or disapproval
HUD is required by its annual appropriation to announce award amounts within 60 days of enactment of the appropriation.
- Renewals
Obligation deadlines can be extended as long as the extension request is received before the obligation deadline expires. Expenditure deadlines cannot be extended.
- Appeals
PHAs can appeal Capital Fund formula grant amounts if they believe HUD made an error in data, such as unit counts or construction dates, with written appeals generally due within 45 days of award announcements. Appeals often center on demonstrating inaccuracies in formula inputs (e.g., building age, cost index) or requesting corrections to, or adjustments of, data in HUD systems.
Grant awards
Latest 10 of 81,424 listed here. See the rest on GovTribe.
Top recipients by federal obligations
| Rank | Recipient | Federal obligations | Share |
|---|---|---|---|
| 1 | New York City Housing Authority | $9,114,953,320 | 17% |
| 2 | Administration De Vivienda Publica | $2,489,794,905 | 5% |
| 3 | Chicago Housing Authority | $1,134,126,162 | 2% |
| 4 | Philadelphia Housing Authority | $1,131,480,695 | 2% |
| 5 | Boston Housing Authority | $551,860,034 | 1% |
| 6 | Housing Authority Of City Of Newark | $423,131,894 | 1% |
| 7 | Housing Authority Of Baltimore City | $419,709,939 | 1% |
| 8 | Housing Authority Of The City Of LOS Angeles | $409,680,329 | 1% |
| 9 | Cuyahoga Metropolitan Housing Authority | $354,248,779 | 1% |
| 10 | Housing Authority Of New Orleans | $335,656,261 | 1% |
10 of 3,806 recipients listed here. See the rest on GovTribe.
Federal obligations by fiscal year
| Fiscal year | Federal obligations |
|---|---|
| FY2026 | $3,129,056,810 |
| FY2025 | $3,230,567,730 |
| FY2024 | $3,265,805,756 |
| FY2023 | $3,441,762,480 |
| FY2022 | $3,164,908,780 |
| FY2021 | $2,866,973,830 |
| FY2020 | $2,725,044,926 |
| FY2019 | $2,627,989,212 |
| FY2018 | $2,686,512,293 |
| FY2017 | $1,804,769,112 |
| FY2016 | $2,747,798,016 |
| FY2015 | $719,149,846 |
| FY2014 | $1,600,752,209 |
| FY2013 | $3,072,173,921 |
| FY2012 | $1,628,466,804 |
| FY2011 | $1,933,385,660 |
| FY2010 | $2,405,531,189 |
| FY2009 | $2,357,618,076 |
| FY2008 | $2,248,725,987 |
| FY2007 | $2,517,528,999 |
| FY2006 | $1,997,157,222 |
| FY2005 | $244,296,526 |
| FY2004 | $210,116,196 |
| FY2003 | $274,419,594 |
Show all 24
Quick answers
What is Assistance Listing 14.872?
Assistance Listing 14.872 is Public Housing Capital Fund, a federal grant program run by Public and Indian Housing Office (Department of Housing and Urban Development).
What is the CFDA number for Public Housing Capital Fund?
Its CFDA number is 14.872: Assistance Listing numbers were called CFDA numbers before 2018.
How much funding has Assistance Listing 14.872 awarded?
81,424 grant awards under 14.872 have obligated $52,898,048,789 in federal funds to 3,806 recipients.
Who receives the most funding from 14.872?
The recipients obligated the most under Public Housing Capital Fund are New York City Housing Authority ($9,114,953,320), Administration De Vivienda Publica ($2,489,794,905) and Chicago Housing Authority ($1,134,126,162).
How much did 14.872 obligate in fiscal year 2025?
Grants under 14.872 obligated $3,230,567,730 in federal funds in fiscal year 2025.
On GovTribe
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