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Directory of NYC Housing Programs

Capital Fund Program (CFP)

The Office of Capital Improvements at U.S. Department of Housing and Urban Development (HUD) administers the Capital Fund Program (CFP), which provides funds annually via a formula to public housing agencies (PHAs) across the country. PHAs may use Capital Fund grants for development, financing, modernization, and management improvements. The Comprehensive Grant Program (CGP) was developed in the early 1990s to assist with the modernization of public housing and served as the basis for the current Capital Fund Program.

Qualifying activities include redesign, reconstruction, and reconfiguration of public housing sites and buildings (including accessibility improvements) and development of mixed-finance projects; vacancy reduction; addressing deferred maintenance needs and the replacement of obsolete utility systems and dwelling equipment; planned code compliance, management improvements, including the establishment and initial operation of computer centers in and around public housing through a Neighborhood Networks initiative, for the purpose of enhancing self-sufficiency, employability, and economic self-reliance of public housing residents by providing them with on-site computer access and training resources; demolition and replacement; resident relocation; capital expenditures to facilitate programs to improve the empowerment and economic self-sufficiency of public housing residents, and improve resident participation; capital expenditures to improve safety and security of residents; homeownership activities, including programs under Section 32; improvement of energy and water-use efficiency by installing or changing fixtures and fittings; and integrated utility management and capital planning to maximize energy conservation and efficiency.

Program Information Help Icon

  • Alternative Name(s): Public Housing Capital Fund
  • Supply/Demand: Supply
  • Category: Land and Financing
  • Scale: Very Large Scale (over 10,000 units)
  • Timeframe: 1999 - Present
  • Occupancy tenure: Rental
  • Construction Type: Rehabilitation
  • Building Type: Multi-family
  • Developers/Owners: Public Housing Authorities
  • Income Restrictions: Low-income
  • Special Populations: Persons with Disabilities, Seniors

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