Sponsors (9)
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Creates a new competitive grant program to fund preservation and improvements in manufactured housing communities. The Secretary must run the program, set eligibility and priorities, allow certain waivers, and may use whatever funding is needed to operate the program, while grants finance eligible projects that improve infrastructure, safety, habitability, and community services in manufactured housing communities.
Change section 105(a) of Title I by replacing the opening word “Activities” with “Unless otherwise authorized under section 123, activities.”
Defines “community development financial institution” as an institution certified under section 103 of the Riegle Community Development and Regulatory Improvement Act of 1994 by the Secretary of the Treasury.
Defines “eligible manufactured housing community” as a manufactured housing community that is affordable to low- and moderate-income persons (as determined by the Secretary and not more than 120% of area median income) and that is either owned by residents through a resident-controlled entity or will be maintained and remain affordable to the maximum extent practicable and for the longest period feasible.
Defines “eligible recipient” to include: an eligible manufactured housing community; a unit of general local government; a housing authority; a resident-owned community; a resident-owned cooperative; a nonprofit with housing expertise or a consortium of such entities; a community development financial institution; an Indian Tribe; a tribally designated housing entity; a State; or any owner-operator working with an eligible manufactured housing community.
Defines “Indian Tribe” and “tribally designated housing entity” by referring to the meanings in the Native American Housing Assistance and Self-Determination Act of 1996.
Modifies the introductory matter of section 105(a) to make eligible activities subject to an exception for activities authorized under new section 123.
Adds a new section 123 ('Preservation and reinvestment for community enhancement') to Title I establishing a competitive grant program for eligible manufactured housing communities, including definitions, eligible recipients and projects, priority rules, waiver authority, implementation requirements, a set-aside for Indian Tribes and tribally designated housing entities, and an authorization of appropriations.
Primary beneficiaries are residents and owners/operators of manufactured housing communities. Residents could see improved infrastructure (roads, utilities), health and safety upgrades, and measures that help preserve affordability and avoid displacement. Owners or managers of eligible manufactured housing communities, nonprofits, and local governments may apply for grants to finance capital repairs, site improvements, or community services. The competitive nature of awards means not all eligible communities will receive funding; communities with stronger applications or that meet program priorities will be favored. The program requires HUD (the Secretary) to develop application and selection rules, creating administrative workload and compliance requirements for applicants. Because the statute authorizes funding without specifying appropriations, the scale and speed of impact depend on later budget decisions. Limited waivers allow flexibility to adapt requirements to on-the-ground circumstances, but may also raise trade-offs about uniform standards. Overall, the program is likely to improve living conditions and preserve affordability in some manufactured housing communities while leaving selection and funding levels to subsequent administrative and appropriations actions.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced March 11, 2025 by Catherine Marie Cortez Masto · Last progress March 11, 2025
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PRICE Act
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in Senate