Preservation and Reinvestment Initiative for Community Enhancement (PRICE)

HUD is issuing the Preservation and Reinvestment Initiative for Community Enhancement (PRICE) competition NOFO to preserve long-term housing affordability for residents of manufactured housing or an MHC, to redevelop MHCs, and to primarily benefit low- and moderate-income (LMI) residents. Congress appropriated in FY2025 these competitive grants to preserve and revitalize manufactured housing and eligible manufactured housing communities and directed HUD to undertake a competition under title I of the Housing and Community Development Act of 1974, as amended (42 U.S.C. 5301 et seq.).

Other eligible applicants include multi-jurisdictional entities, metropolitan planning organizations, resident-controlled MHCs, cooperatives, non-profit entities (including consortia of non-profit entities), CDFIs, Tribal Applicants, and entities that partner with one or several residents of such eligible Manufactured Housing Communities or that propose to implement a grant program that would assist residents of such eligible Manufactured Housing Communities. Individuals, foreign entities, and sole proprietorship organizations are not eligible to compete for, or receive, awards made under this announcement.

All applications submitted by the stated due date will undergo a minimum threshold review. Applicants will be notified if they do not meet the minimum threshold review. If the deficiencies are curable, the applicant may be required to provide additional information. If the deficiency is not curable, the applicant is notified that their application will not be reviewed further. All applicants meeting threshold review will undergo an extensive panel review and the applications will be scored and ranked. The highest-ranking applications will be selected for funding. Upon final review of the applications, all scores and assessment material will be reviewed by HUD Management before final selection. Upon final selection, applicants will be notified of the award amount. Those awards will also be published in the federal register as required by regulations.

CDBG-PRICE pilot set-aside grantees are required to supplement their award grants with non-Federal amounts exceeding 50% of the grant. Other CDBG-PRICE awards do not require cost sharing, matching funds, or leveraging. However, HUD encourages applicants to leverage other Federal and non-Federal sources.