Funding Level: $85,505,627
Overview: Public housing authorities shall give priority to capital projects that can award contracts based on bids within 120 days from the date the funds are made available to the public housing authorities. Public housing agencies shall give priority consideration to the rehabilitation of vacant rental units and capital projects that are already underway or included in the 5-year capital fund plans required by the Act (42 U.S.C. 1437c-1(a)). Any restriction of funding to replacement housing uses shall be inapplicable. Funds provided shall supplement and not supplant expenditures from other Federal, State, or local sources or funds independently generated by the grantee. Notwithstanding Section 9(j), public housing agencies shall obligate 100 percent of the funds within one year of the date on which funds become available to the agency for obligation, shall expend at least 60 percent of funds within two years of the date on which funds become available to the agency for obligation, and shall expend 100 percent of the funds within three years of such date. ARRA provided $3 billion to Public Housing Authorities (PHA) through the existing FY 2008 formula. Florida’s portion represents its allocation of this $3 billion. Capital projects that are already underway or are already in PHA five-year plans must be prioritized as well. Funds cannot be used for operating fund or rental assistance activities. Aside from the $85,505,627 amount mentioned above, it is unclear what the full impact of this funding would be on Florida.
For More Information: http://flarecovery.com/about/state-and-local-projects/other-aid/public-housing-capital-funds
Federal Contact: Department of Housing and Urban Development
State Contact: Florida Office of Economic Recovery