The Preservation and Reinvestment Initiative for Community Enhancement (PRICE) program from the U.S. Department of Housing and Urban Development will support projects to preserve, maintain, and replace manufactured housing and manufactured housing communities (MHCs).
$225 million in grant funding is available, of which $10 million has been designated for Native American tribes and tribal organizations. $25 million has also been designated for a PRICE Replacement Pilot program. Available award amounts vary by grant program. Applications are due by June 5, 2024 at 11:59 PM ET.
Eligibility
This grant is open to:
- State governments
- Local governments
- Tribal applicants
- Multi-jurisdictional entities
- Cooperatives
- Nonprofit entities (including consortia)
- Resident-controlled MHCs
- Community Development Financial Institutions (CDFIs)
Entities eligible to apply for the $10 million designated for tribes and tribal organizations include:
- Native American tribes
- Tribally designated housing entities
- Tribal nonprofits
- Native Community Development Financial Institutions (CDFIs)
- Tribal Organizations designated by a tribe to apply on its behalf
Goal and Objectives
The primary goals of this program are to:
- Increase housing supply and affordability for people of modest means nationwide
- Preserve and revitalize existing manufactured housing and manufactured housing communities
- Increase resilience to extreme weather, natural hazards, and disaster events, support energy efficiency, and protect the health and safety of manufactured housing residents
- Promote homeownership opportunities and advance resident-controlled sustainable communities
- Support accessibility modifications, repairs, and replacement of deteriorating manufactured housing units
Grant Categories
PRICE Main
Applicants under the PRICE Main program may request $5 – $75 million to preserve existing affordable housing. This program does not have a match requirement, but applicants are encouraged to leverage additional resources.
Tribal Applicants
Tribal applicants may request $500,000 – $75 million to preserve existing affordable housing. As a subprogram of PRICE Main, there is no match requirement.
PRICE Replacement Pilot
PRICE Replacement Pilot funding may be used to replace manufactured housing units at a rate of 4:1, which will increase affordable housing availability. Applicants may request $5 – $10 million with a required nonfederal match equal to more than 50% of the PRICE grant.
Allowable Activities
Grant funds under all categories may be used to:
- Repair, rehabilitate, or replace existing manufactured housing units
- Assist manufactured housing tenants or owner-renters with land and site acquisition
- Install or upgrade infrastructure that supports manufactured housing, including roads, sidewalks, water, wastewater infrastructure, and utility hookups
- Planning activities for MHCs, including those needed to support resident-controlled communities
- Resident and community services, including relocation assistance, housing mobility counseling, and eviction prevention
- Resilience activities to enhance the stability of manufactured housing and MHCs in the face of extreme weather, natural hazards, and disasters
- Environmental improvements, like remediation of contaminants in land servicing MHCs
Additionally, Replacement Pilot funds may be used for:
- Redevelopment of MHCs as affordable replacement housing
- Relocation assistance, buy-outs, or down payment assistance for residents
Public Comment Requirement
Before submitting, applicants must publish their application for public comment and hold at least one public hearing. A minimum 15 days notice is required and the public comment period must end at least 3 days prior to submission.
