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Capital Fund Final Rule Webcasts What to Expect

U. S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT CAPITAL FUND FINAL RULE TRAINING DECEMBER 11, 2013. Capital Fund Final Rule Webcasts What to Expect. Session 1: Two Hours (Dec. 11, 2013) [1 st Half] Presentation Q&A After Each Section Session 2: Two Hours (Dec. 18, 2013) [2 nd Half]

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Capital Fund Final Rule Webcasts What to Expect

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  1. U. S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT CAPITAL FUND FINAL RULETRAININGDECEMBER 11, 2013

  2. Capital Fund Final Rule WebcastsWhat to Expect Session 1: Two Hours (Dec. 11, 2013) [1st Half] Presentation Q&A After Each Section Session 2: Two Hours (Dec. 18, 2013) [2nd Half] Presentation Q&A After Each Section

  3. Capital Fund Rule - Today’s Agenda • Overview, Discussion of CFR §905.100 through §905.300 (Subparts A, B and C) • Questions and Answers • After Each Section • Closing

  4. Capital Fund Rule – Q & A Email Questions to: CFRULE@HUD.GOV

  5. Capital Fund Rule - Overview • WHEN? • WHAT? • WHO?

  6. Capital Fund Rule - Overview • HOW? • WHY?

  7. Capital Fund Rule - Historical Overview • U. S. Housing Act of 1937 – Public Housing Enabling Legislation • 1937–1968 PHAs charged “low rents” to live in public housing • 1968 Congress passed the Brooke Amendment • Modernization Programs Evolve • 1968 CIAP • 1990 CGP • 1998 QHWRA and Capital Fund • 1999 PHA Plan • Today - New Final Consolidated Capital Fund Rule Published

  8. Capital Fund Rule – Benefits How Does the Capital Fund Rule Benefit Residents, PHAs and FOs

  9. Capital Fund Rule – Benefits • A better understanding of program requirements for PHAs and residents to more effectively use Capital Funds; • More efficient and consistent management of the Capital Fund Program by Headquarters and HUD Field Offices; • Directs more funds toward modernization, given our limited fiscal environment • Incorporates the Department’s Energy Efficiency strategic goals;

  10. Capital Fund Rule – Benefits CGP Statutes CIAP Statutes PHAs must  search different HUD regulations and multiple statutes PDEV Statutes BEFORE (RULE PUBLISHED)

  11. Capital Fund Rule – Benefits  AFTER (RULE PUBLISHED)

  12. Capital Fund Rule – Benefits Additional Benefits • NEW! Decouples (Separates) Capital Fund submission requirements from the larger PHA plan requirements • NEW! Replacement Housing Factor (RHF) becomes more Flexible Demolition, Disposition Transitional Funding (DDTF)

  13. Capital Fund Rule – Benefits Additional Benefits • NEW! Focuses use of Funds on Physical Improvements • NEW! Simplifies Mixed-Finance (combined Public/Private) Finance Requirements • NEW! Allows TDC exception for Cost Saving Energy Initiatives

  14. Capital Fund Rule – Modification to Part 903 • PHA Plan Rule - § 903.3 modified to add a definition of a Qualified PHA • A Qualified PHA is:

  15. Capital Fund Rule The Capital Fund Rule

  16. Capital Fund Rule - Orientation Capital Fund Rule Organization • Subpart A (905.100-): Purpose, general description, and other requirements. • Subpart B (905.200-): Eligible Activities (Eligible/Ineligible, Emergencies and Natural Disasters) • Subpart C (905.300-): General CF Program Requirements (Submission, Obligations, Etc.) • Subpart D (905.400-): Capital Fund formula (RHF, DDTF ) • Subpart E (905.500-): Use of Capital Funds for Financing • Subpart F (905.600-): Development Requirements (Program req., Mixed Finance, Dev Proposals, Pre-dev. Costs) • Subpart G (905.700-): Other security interests. (Restrictions on pledging HUD assets) • Subpart H (905.800-): Compliance, HUD Review, Penalties, and Sanctions

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