On February 23, HUD released $2.7 billion to public housing agencies through the Public Housing Capital Fund program, included in the FY 2021 Appropriations Act. FY2021 included $19 million more in Capital Fund formula grants than FY 2020. NAHRO was pleased with the increase in funding as the Capital Fund is critical to ensure PHAs are able to build, renovate, and/or modernize their public housing properties.

HUD’s press release can be found here.