This article discusses the theoretical aspects of the formation and functioning of the capital repair fund. Special attention is given to the method of forming the capital repair fund through a special account, and a critical analysis of the current regulatory provisions based on statistical data is provided. The article also examines the interpretation of the current housing legislation regarding the use of funds from the capital repair fund. The main challenges in the interaction between owners and management organizations are identified. Based on the analysis, measures are proposed to improve the efficiency of the capital repair fund.