PRICE Initiative Updates

On June 5, ROC USA posted its PRICE Initiative application for public comment and review. Please click here to view and provide public comment to our proposed application to the U.S. Department of Housing and Urban Development (HUD). The public comment period will close on June 20, in accordance with HUD’s public participation requirements.

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The Preservation and Reinvestment Initiative for Community Enhancement (PRICE) will provide $225 million in funding for communities across the country to preserve and revitalize manufactured housing units and eligible manufactured housing communities (MHCs).

Manufactured housing is a critical piece of the nation’s affordable housing stock that provides a home to over 22 million Americans. Manufactured housing and manufactured housing communities (MHCs) face significant challenges to affordability, resilience, infrastructure, and maintenance that are exacerbated by state titling and local zoning laws, financial pressures from landowners or investors, and extreme weather, natural hazards, and disaster events.

HUD has issued a Notice of Funding Opportunity (NOFO) which appropriates $235 million in competitive grant funding for the preservation and revitalization of manufactured housing and eligible manufactured housing communities. Congress has directed HUD to undertake a competition using the Community Development Block Grant (CDBG) statutory and regulatory framework for this first-of-its-kind initiative. The Preservation and Reinvestment Initiative for Community Enhancement supports communities in their efforts to maintain, protect, and stabilize manufactured housing and MHCs.

Learn what ROC USA is doing by visiting www.rocusa.org/PRICE