PRICE Act

Key Points

• The bill creates a new competitive grant program run by HUD to fund improvements in manufactured housing communities (mobile home parks), including infrastructure, utilities, and land improvements.
• The program targets communities that are affordable to low- and moderate-income households, with incomes up to 120% of area median income. It gives priority to projects that preserve long-term affordability.
• Grants can pay for a wide range of activities: repairing or replacing homes, building community facilities, weatherization, accessibility upgrades, eviction prevention, down payment assistance, and relocation help.
• Homes built before June 15, 1976 cannot be rehabilitated with grant money. They can only be demolished and replaced with homes meeting modern safety standards.
• The bill allows the Secretary to set aside funding specifically for Indian Tribes and tribally designated housing entities, and these groups are listed as eligible grant recipients.
• Funding is authorized at "such sums as may be necessary," meaning Congress would still need to appropriate actual dollars for the program to operate. The bill does not specify a dollar amount.