The U.S. Department of Housing and Urban Development (HUD) issues this Notice of Funding Opportunity (NOFO) to invite applications from eligible applicants for the Preservation and Reinvestment Initiative for Community Enhancement (PRICE) Competition program.
Donor Name: U.S. Department of Housing and Urban Development (HUD)
State: All States
County: All Counties
Type of Grant: Grant
Deadline: 06/05/2024
Size of the Grant: More than $1 million
Grant Duration: 5-10 Years
Details:
More than 22 million Americans currently live in manufactured housing. Manufactured housing units account for approximately seven percent of occupied housing stock nationwide and fifteen percent in rural areas. Manufactured housing is also the largest source of unsubsidized affordable housing in the country, making it a crucial piece of the nation’s affordable housing stock. The median household income of manufactured housing unit owners is about half the median household income of site-built homeowners. Manufactured housing can be permanently affixed to the lot underneath or be affixed to a support and anchoring system that allows the home to be relocated more easily. Manufactured housing is subject to HUD certification requirements pursuant to the regulations set forth in 24 and the Manufactured Home Construction and Safety Standards set forth.
Goals
HUD has six goals for this competition:
- Fairly and effectively award the PRICE grant funding and related technical assistance.
- Increase housing supply and affordability for LMI persons nationwide, including in urban, suburban, rural, and tribal areas.
- Preserve and revitalize existing manufactured housing and manufactured housing communities.
- Increase resilience to extreme weather, natural hazards, and disaster events, support energy efficiency, and protect the health and safety of manufactured housing residents.
- Promote homeownership opportunities and advance resident-controlled sustainable communities through new and revitalized units of manufactured housing that will remain affordable.
- Support accessibility modifications, repairs, and replacement of deteriorating manufactured housing units, especially to increase accessibility and access for persons with disabilities, facilitate aging in place for older adults and increase access to affordable housing for low-income households.
Funding Information
Funding of approximately: $225,000,000
- PRICE Tribal
- Minimum Award Amount for PRICE Tribal Applicants: $500,000
- Maximum Award Amount for PRICE Main: $75,000,000
- PRICE Replacement Pilot
- Minimum Award Amount for PRICE Replacement Pilot: $5,000,000
- Maximum Award Amount for PRICE Replacement Pilot: $10,000,000
Length of Period
6 years
Eligibility Criteria
- State governments
- County governments
- City or township governments
- Native American tribal governments (Federally recognized))
- Native American tribal organizations (other than Federally recognized tribal governments)
For more information, visit Grants.gov.
