Capital Fund Program

HUD provides Capital Fund provides funds, annually, to Albany Housing Authority for the development, financing, and modernization of public housing developments and for management improvements. AHA’s plans its physical improvement and management improvements using a 5-year planning tool and submitting annual updates with the Authority’s annual PHA Plan.

The Capital Fund Program pays for large capital improvements such as construction of new homes, new fencing, sidewalks, doors, floors, kitchens, roofs, lighting, elevator renovations, windows, new appliances, and provides funding for some security and management improvements. The CFP is formula-funded, which means that HUD provides the funds to the housing authority based on the number of units that are available for occupancy. AHA uses some of the money to fund police patrols through out the developments. This has reduced the incidents of crime within each neighborhood.