Public Housing Capital Fund

Of course, the limited rental income generated by public housing properties does not meet the operating and capital costs of public housing properties, and thus Congress appropriates funds to meet these costs. The Capital Fund is the only dedicated source of annual funding available to make capital improvements—repairs and replacements beyond ordinary maintenance—to public housing. Each year, housing authorities nationwide receive a proportional share of the annual Capital Fund appropriation based on the ongoing accrual needs and the backlog of capital needs at each property