Preservation and Reinvestment Initiative for Community Enhancement (PRICE)

Overview:

HUD is issuing a Notice of Funding Opportunity (NOFO) which appropriates $225 million in competitive grant funding for the preservation and revitalization of manufactured housing and eligible manufactured housing communities. Congress has directed HUD to undertake a competition using the Community Development Block Grant (CDBG) statutory and regulatory framework for this first-of-its-kind initiative. The Preservation and Reinvestment Initiative for Community Enhancement supports communities in their efforts to maintain, protect, and stabilize manufactured housing and manufactured housing communities (MHCs).

Manufactured housing is a critical piece of the nation’s affordable housing stock that provides a home to over 22 million Americans. Manufactured housing and manufactured housing communities (MHCs) face significant challenges to affordability, resilience, infrastructure, and maintenance that are exacerbated by state titling and local zoning laws, financial pressures from landowners or investors, and extreme weather, natural hazards, and disaster events.

Of the $225 million available in PRICE funding, $200 million is reserved for the main PRICE competition (PRICE Main), of which at least $10 million is intended for Indian tribes or Tribally Designated Housing Entities and Tribal organizations, and $25 million is reserved for a pilot program (PRICE Replacement Pilot) to assist in the redevelopment of manufactured housing communities as replacement housing that is affordable. The PRICE Main funding will support low- and moderate-income homeowners with manufactured housing units and manufactured housing communities with critical investments such as repairs, infrastructure improvements, upgrades to increase resilience, services like eviction prevention and housing counseling, and planning activities such as those needed to transition to resident-managed communities. The PRICE Replacement Pilot will enable the replacement of manufactured housing units, especially those in disrepair, with up to four units of affordable housing – gently increasing density and ensuring affordability for years to come.

HUD will be accepting applications for PRICE grants to preserve and revitalize manufactured housing and eligible manufactured housing communities. Eligible applicants include local and state governments, Indian Tribes or their Tribally Designated Housing Entities (TDHEs), multi-jurisdictional entities, resident-controlled MHCs, cooperatives, non-profit entities (including consortia of non-profit entities), Tribal non-profits, community development finance institutions (CDFIs), and Native CDFIs. Entities that partner with one or several residents of eligible manufactured housing communities or that propose to implement a grant program that would assist residents of eligible MHCs are also eligible.

NOTE: Before submitting to HUD, applicants must publish their PRICE application or amendment in its entirety for public comment. The streamlined requirements mandate at least one public hearing for the application and for each substantial amendment and require providing a reasonable notice (at least 15 days) and opportunity for public comment and ongoing public access to information about the use of grant funds. The public comment period must end no less than three calendar days before application submittal to allow the applicant time to consider and incorporate public comments. For more information, please visit Section VI.E.5.a.iii of the NOFO.

Tribal Applicants may choose to follow the public participation requirements outlined in 24 CFR 1003.604 and must certify to HUD that the Tribal Applicant complied with the public participation requirements of 1003.604(a) prior to applying.

Quick Summaries
Notice Of Funding Opportunity:

The NOFO can be viewed here: FY 23 PRICE NOFO. Associated application materials can be found below. This funding was authorized under the authority of the Consolidated Appropriations Act, 2023 (Public Law 117-328, approved December 29, 2022) (Appropriations Act).

The application deadline is June 5, 2024 at 11:59pm ET (8:59pm PT) on Grants.gov.

HUD strongly recommends you submit your applications at least 48 hours before the deadline and during regular business hours to allow enough time to correct errors or overcome other problems.

We recommend you review the Grants.gov Applicant landing page, as well as the Applicant FAQs and Explanation of Error Messages. If you have difficulty accessing the application and instructions or have technical problems, Grants.gov provides customer support information on its website at https://www.grants.gov/support. You may also contact Grants.gov customer support center by calling (800) 518-GRANTS (this is a toll-free number) or by sending an email to support@grants.gov.

The full application package must be downloaded through www.grants.gov. The CFDA number is 14.024. Interested applicants may submit questions on the NOFO to the following email address: PRICE@HUD.gov.

PRICE Related Materials:

Who is Eligible to Apply:
  • State Governments
  • Local Governments
  • Multijurisdictional Entities
  • Metropolitan Planning Organizations
  • Resident-controlled MHCs
  • Cooperatives
  • Non-profit entities (including consortia of non-profit entities)
  • CDFIs
  • Indian Tribes or their Tribally Designated Housing Entities (TDHEs), Tribal non-profits, and Native CDFIs
  • Entities that partner with one or several residents of eligible MHCs or that propose to implement a grant program that would assist residents of eligible MHCs
PRICE NOFO Webinars:

HUD is providing a series of webinars with a specific focus on the PRICE NOFO and application requirements. These one-hour webinars are designed for interested PRICE applicants.

Application Package Materials:

Forms listed in the NOFO:

General FAQs:

Q: What does PRICE stand for?

A: Preservation and Reinvestment Initiative for Community Enhancement

Q: How much funding has Congress designated?

A: $225 million - $200 million for PRICE Main and $25 million for the PRICE Replacement Pilot

Q: When are applications due?

A: The Application due date will be June 5, 2024. All applications should be submitted no later than 11:59pm Eastern Time (8:59pm Pacific Time) on the stated deadline on grants.gov. 

Q: I’m an individual. Am I able to apply?

A: No. This announcement does not fund individuals. Eligible applicants include local and state governments, multi-jurisdictional entities, resident-controlled MHCs, cooperatives, non-profit entities (including consortia of non-profit entities), CDFIs, and Indian Tribes or their Tribally Designated Housing Entities (TDHEs), Tribal non-profits, and Native CDFIs.

Q: Where do I submit my application?

A: The NOFO is published on Grants.gov and all applications must be submitted to grants.gov to be eligible for review.

Q: Are Tribal Applicants only considered for the $10 million in reserved funding or can they compete under the overall funding amount?

A: Tribal Applicants are not limited to the minimum $10 million in funding that is intended for Tribal Applicants. Tribal Applicants may qualify for additional funding under both the main PRICE competition and the PRICE Replacement Pilot to assist in the redevelopment of manufactured housing communities as replacement housing that is affordable.

Q: Is the Department of Hawaiian Home Lands (DHHL) eligible to receive assistance under the PRICE Competition NOFO?

A: Yes, there are three ways DHHL could be involved in a PRICE grant.

  1. Hawaii could apply as the State, then subgrant all or a portion of the PRICE grant funds to DHHL for DHHL to administer.
     
  2. DHHL could apply as the designated applicant for the State of Hawaii.
     
  3. DHHL could apply under the final eligible-applicant category identified in the NOFO: “entities that partner with one or several residents of such eligible [manufactured housing] communities or that propose to implement a grant program that would assist residents of such eligible communities.” Please note that if Hawaii submits a separate application as the State, but both Hawaii and DHHL are awarded PRICE grants, Section III.D.4.a of the NOFO provides that “no community or project area may be assisted by more than one PRICE grant.”

 

 

Content current as of April 12, 2024