PRICE Act

Key Points

• The PRICE Act creates a new grant program to help fix up manufactured housing communities, commonly known as mobile home parks. This federal money would be used to repair infrastructure like roads and water lines, fix existing houses, or build new community centers and playgrounds.
• The program is designed to help low- and moderate-income families. To qualify for the grants, a community must be owned by the residents themselves through a cooperative or promise to keep housing costs affordable for a long time. Local governments, nonprofits, and Tribal groups are also eligible to apply for the funds.
• Grants can be used to make homes safer and more energy-efficient, which helps families save money on monthly utility bills. The money can also be used to add ramps or other features to help residents with disabilities live more comfortably in their homes.
• For very old mobile homes built before June 1976, the program provides money to replace them with newer, safer models that meet modern building standards. It also funds services like eviction prevention and help with down payments to keep people in their homes.
• The bill allows for the expansion of existing communities or the construction of new ones to increase the amount of affordable housing available. It also sets aside specific funding for Indian Tribes to improve housing on Tribal lands.