The Preservation and Reinvestment Initiative for Community Enhancement (PRICE) Act establishes a new federal grant program to improve manufactured housing communities. The program provides competitive grants to eligible recipients—including community organizations, nonprofits, local governments, Native American tribes, and the communities themselves—to fund infrastructure improvements, home repairs and replacements, resident services, and other projects that enhance living conditions in affordable manufactured housing communities. The grants prioritize projects that benefit low- and moderate-income residents (those earning up to 120 percent of area median income) and preserve long-term housing affordability, with eligible uses ranging from utility upgrades and weatherization to eviction prevention assistance and community centers. The bill does not specify a funding amount, instead authorizing "such sums as may be necessary" to be appropriated, leaving the actual budget to future congressional appropriations decisions.
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