PART II: HUD's Major Non-Competitive Programs
Public Housing Modernization-Capital Fund Program (CFP)

The Comprehensive Grant Program (CGP) and the Comprehensive Improvement Assistance Program (CIAP) have been replaced by the Capital Fund Program (CFP). The CFP is based on a formula and makes assistance available to public housing agencies (PHAs) to carry out capital and management activities, All PHAs, regardless of size, are eligible to participate in the Capital Fund Program. Eligible activities under the CFP include: (1) the development, financing and modernization of public housing developments; (2) vacancy reduction; (3) planned code compliance; and (4) management improvements. For FY2000, $2.9 billion is appropriated to the Capital Fund Program.