Preservation and Reinvestment Initiative for Community Enhancement (PRICE)
Contract Overview
Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.
AI Contract Overview
The Department of Housing and Urban Development is launching the Preservation and Reinvestment Initiative for Community Enhancement (PRICE) competition to secure long-term affordability for residents of manufactured housing and manufactured housing communities, with a primary focus on serving low- and moderate-income households. This initiative, funded by a congressional appropriation for fiscal year 2025, authorizes HUD to award competitive grants under Title I of the Housing and Community Development Act of 1974 to preserve, rehabilitate, and redevelop eligible manufactured housing communities, ensuring they remain safe, sustainable, and accessible for vulnerable populations. The program aims to prevent displacement, improve living conditions, and foster community stability through targeted investment in infrastructure, site improvements, and owner capacity building. Applicants must align their projects with the goals of enhancing housing affordability and community resilience, and funding is expected to support activities that directly benefit residents in need. The solicitation is currently forecasted with a posting date of April 27, 2026, and no set-aside designation has been specified. Interested parties can direct inquiries to B. Cory Schwartz via email at price@hud.gov or phone at 202-402-4105. The North American Industry Classification System code for this opportunity is 925120, reflecting its classification under federal administrative programs, and additional details and application guidelines are available on Grants.gov.
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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.).
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