Resolution approving the 2026 Public Housing Capital Fund program.

Public Hearing and adoption of the resolution.

The Public Housing Capital Fund Budget has traditionally been approved each year with the PHA Annual Plan to manage the formula funding for modernization of the Mankato Public Housing units. HUD has separated the procedures and adjusted timelines for the Capital Fund budget to align with the annual operating budget process.
 
The 2026 Capital Fund includes the continued modernization and repair of the public housing units and site improvements required through RAD process. This plan also includes work requirements based on the physical needs assessment as required for the repositioning of the remaining Public Housing through the RAD Small PHA Blend program. For 2026, the capital fund budget anticipates $550.000.00 and provides funding for dwelling improvements, appliances, site improvements and general operations as presented in the attached budget.

The Capital Fund Program for 2026 has been posted for public comments and a Resident Advisory Meeting was held. Resident comments regarding capital funds were received. Requests included wiring the building for fiber-optic service to improve internet access. Residents expressed appreciation for the capital improvements scheduled for 2026, including the re-striping of parking lots, noting that it helps with parking management. Appreciation was also expressed for signage designating resident parking areas. Ongoing concerns were noted regarding enforcement of the smoking policy, specifically the requirement that smokers maintain a minimum distance of 25 feet from the building.
 
The requested action is to approve by resolution the 2026 Capital Fund Budget as presented.