Preservation and Reinvestment Initiative for Community Enhancement (PRICE) Competition | FR 6700 N 99

Opportunity Information: Apply for FR 6700 N 99

The Preservation and Reinvestment Initiative for Community Enhancement (PRICE) Competition is a U.S. Department of Housing and Urban Development (HUD) discretionary grant program focused on preserving and strengthening manufactured housing as a major source of unsubsidized affordable housing. Manufactured housing serves more than 22 million people and represents a meaningful share of the nation’s occupied housing stock, especially in rural areas. While manufactured homes are often thought of as “mobile,” most never move after installation, and moving them later can be costly and complicated. That reality creates unique risks for households that own a home but rent the land beneath it (called “homesite renters” in the notice), because large lot rent increases or community sale and redevelopment pressures can force residents into impossible choices: pay higher rent, attempt an expensive relocation, or abandon a valuable asset. HUD also highlights other common challenges in this housing segment, including higher-cost “chattel” financing tied to state titling rules, aging units that need repairs or replacement, homes located in hazard-prone areas, and infrastructure in many manufactured housing communities that is outdated, self-operated, and increasingly vulnerable to deferred maintenance and severe weather. These pressures fall heavily on low- and moderate-income (LMI) households, older adults, and people with disabilities, all of whom are disproportionately represented in manufactured housing.

PRICE is authorized by the Consolidated Appropriations Act, 2023, and implemented under Title I of the Housing and Community Development Act of 1974 (the same umbrella authority associated with Community Development Block Grant-style eligible activities). Congress provided $225 million total for this initiative. HUD set aside $200 million for the main PRICE competition and reserved at least $10 million within that amount for Tribal Applicants (Indian tribes, Tribally Designated Housing Entities, and certain tribal organizations). An additional $25 million is reserved for a PRICE pilot program aimed at redeveloping manufactured housing communities as affordable replacement housing. Grant sizing is significant: the minimum request for the main competition is $5 million for most applicants, while Tribal Applicants can apply for as little as $500,000 under the main competition. The minimum request for the pilot is $5 million. The NOFO lists an award ceiling of $75 million and anticipates roughly 25 awards, with an application closing date of June 5, 2024.

HUD’s goals for PRICE combine affordability, preservation, resilience, and fair housing outcomes. The agency intends to award funds and technical assistance fairly and effectively, increase housing supply and affordability for LMI people across urban, suburban, rural, and tribal communities, and preserve and revitalize manufactured housing units and manufactured housing communities (MHCs). A major emphasis is improving resilience to extreme weather and natural hazards, supporting energy efficiency, and protecting resident health and safety. HUD also wants proposals that expand homeownership opportunities and support resident-controlled, sustainable communities where affordability is maintained over time. Accessibility is another clear priority, including modifications, repairs, and replacement of deteriorated units to better serve people with disabilities and to help older adults age in place.

Competitive proposals are expected to show a strong, evidence-based need and to explain how manufactured housing and MHCs function in the local affordable housing ecosystem, what is deteriorating or at risk, and what resources are required to rehabilitate, replace, or stabilize communities. The NOFO places a direct spotlight on equity and affirmatively furthering fair housing: applicants should demonstrate how they will identify and remove barriers that limit access to affordable housing, including barriers affecting protected classes and barriers to desegregation. Examples mentioned include addressing the lack of physically accessible manufactured homes consistent with Section 504 and HUD’s accessibility regulations, or tackling local policies and conditions that prevent rehabilitation of communities, allow infrastructure to deteriorate, or leave residents without support. HUD also expects robust, inclusive engagement, specifically including residents of manufactured housing communities in planning and decision-making. Environmental risk reduction and resilience planning matter as well, particularly where reconstruction, relocation, or hazard mitigation is part of the approach, and the application must make a credible case for long-term affordability and availability for LMI households.

Eligible activities are intentionally broad and can be proposed for one site or multiple sites and can span multiple jurisdictions. HUD is looking for projects in both rural and urban areas, including on tribal lands and in disaster-prone places. Allowable uses include infrastructure development or upgrades that support manufactured homes or communities, such as roads, sidewalks, water and wastewater systems (including wells and septic), and utility connections. Projects can also include environmental remediation of contaminated land serving MHCs. Housing-related activities include repair, rehabilitation, or replacement of manufactured housing units, with an important limitation: pre-1976 units (often referred to as “mobile homes,” built before the HUD Code took effect) may only be replaced, not repaired or rehabilitated, using PRICE funds. Planning activities are eligible too, including functional or implementation plans for land use or zoning changes that are more permissive of manufactured housing. Resident and community services can be part of a project, including relocation assistance (including moving homes) and eviction prevention. Resilience activities are explicitly eligible, covering reconstruction, repair, or replacement of homes and community infrastructure to reduce risk from hazards like floods, wildfires, earthquakes, tornadoes, and extreme heat; however, pre-1976 units remain replacement-only even under resilience funding. Another eligible use is helping manufactured homeowners who rent land with land or site acquisition, which can support stability and resident control.

The reserved PRICE pilot funds have a narrower, redevelopment-focused purpose. Pilot awards can support redevelopment of manufactured housing communities into affordable replacement housing, with a notable density expectation: for each single-family manufactured home (including pre-1976 homes) replaced, the project must provide up to four dwelling units of affordable housing. The pilot can also fund resident-focused assistance such as relocation help, buy-outs, or down payment assistance, reflecting HUD’s intent to prevent displacement and create viable pathways to stable housing outcomes when communities are being redeveloped.

Eligibility is expansive and includes state, county, and local governments; federally recognized tribal governments and certain tribal organizations; and other entities such as multi-jurisdictional organizations, metropolitan planning organizations, resident-controlled MHCs and cooperatives, nonprofits (including nonprofit consortia), and community development financial institutions (CDFIs). Entities may also apply in partnership with residents or by proposing to run a grant program that assists residents of eligible communities. HUD notes that applicants may support or partner with residents of Colonias as well. Individuals, foreign entities, and sole proprietorships are not eligible. Applicants must have a valid Unique Entity Identifier (UEI) and active registrations through SAM.gov and Grants.gov; the NOFO stresses that this registration process can take four weeks or longer, and without valid registration an application cannot be submitted.

A central structural feature of PRICE is the long-term affordability requirement. HUD is instituting a requirement that manufactured housing units assisted with PRICE funds must be maintained as affordable for at least a minimum period, reinforcing that the program is not just about one-time repairs but about preserving affordability and preventing loss of this housing stock. Overall, PRICE is designed to stabilize manufactured housing as a durable, safe, and cost-effective housing option, address resident vulnerability to rent shocks and displacement, modernize community infrastructure, replace the most deteriorated units, and build resilience against increasingly frequent and severe climate-driven hazards, while embedding equity, accessibility, and resident engagement into the way projects are selected and implemented.

• The Department of Housing and Urban Development in the community development, housing sector is offering a public funding opportunity titled "Preservation and Reinvestment Initiative for Community Enhancement (PRICE) Competition" and is now available to receive applicants.
• Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 14.024.
• This funding opportunity was created on 2024-02-28.
• Applicants must submit their applications by 2024-06-05. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
• Each selected applicant is eligible to receive up to $75,000,000.00 in funding.
• The number of recipients for this funding is limited to 25 candidate(s).
• Eligible applicants include: State governments, County governments, City or township governments, Native American tribal governments (Federally recognized), Native American tribal organizations (other than Federally recognized tribal governments), Others, Unrestricted.

Apply for FR 6700 N 99

[Watch] Creating a grant proposal using the step-by-step wizard inside the applicant portal: