The PRICE Act establishes a new federal grant program to help improve manufactured housing communities—affordable residential parks where people live in manufactured homes. The grants would fund projects like repairing or replacing homes, upgrading community infrastructure and utilities, weatherizing buildings to reduce utility costs, and providing services such as eviction prevention and down payment assistance. The program targets eligible manufactured housing communities that serve low- and moderate-income residents (up to 120 percent of area median income) and prioritizes projects that preserve long-term affordability. Eligible applicants include resident-owned cooperatives, local governments, nonprofits, housing authorities, Native American tribes, and community development financial institutions. The bill authorizes "such sums as may be necessary" to fund the program—meaning Congress has not specified an exact dollar amount but will determine funding through the appropriations process.
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