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 (HUD) is launching the Preservation and Reinvestment Initiative for Community Enhancement (PRICE), a competitive grant program aimed at preserving long-term housing affordability in manufactured housing communities (MHCs) and supporting their redevelopment. Funded through Congress's FY2025 appropriations, this initiative targets low- and moderate-income residents, focusing on maintaining and revitalizing affordable manufactured housing options. The program is authorized under Title I of the Housing and Community Development Act of 1974, as amended, and emphasizes sustaining affordable living environments within these communities. HUD is inviting eligible applicants to participate in this competitive process, which seeks to address preservation and reinvestment needs in MHCs. The initiative underscores the agency's commitment to improving housing conditions for vulnerable populations by ensuring access to safe, affordable, and long-lasting manufactured housing. Those interested can reach out to the contact provided or review the solicitation details through the official grants portal. The program’s ultimate goal is to enhance community stability and improve the quality of housing for residents in manufactured housing settings.
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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.).
