The PRICE Act establishes a federal grant program to improve manufactured housing communities for low- and moderate-income residents. The Department of Housing and Urban Development would award competitive grants to eligible recipients including resident-owned cooperatives, local governments, nonprofits, and community development financial institutions to fund construction, repairs, infrastructure improvements, and resident services in manufactured home communities. Eligible projects focus on protecting resident health and safety, improving long-term affordability, and addressing resiliency needs like weatherization and energy efficiency, with particular priority given to projects that benefit the lowest-income residents and preserve permanent affordability. The bill authorizes whatever funding is necessary to carry out the program but does not specify an exact dollar amount or implementation timeline. The legislation also allows the HUD Secretary flexibility to waive certain regulatory requirements to streamline grant use, except for fair housing, nondiscrimination, labor, and environmental protections.
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