Bill > HR4477

This bill establishes a new competitive grant program to support and improve manufactured housing communities, focusing on affordable housing for low and moderate-income residents. The PRICE Act (Preservation and Reinvestment Initiative for Community Enhancement Act) allows eligible recipients, including resident-owned cooperatives, housing authorities, nonprofit entities, and local governments, to apply for grants to fund a wide range of projects. These projects can include community infrastructure improvements, housing reconstruction or replacement, resident health and safety upgrades, land acquisition, infrastructure expansion, and community services like eviction prevention and down payment assistance. The bill prioritizes activities that primarily benefit low and moderate-income residents and preserve long-term housing affordability. Notably, the grant program cannot be used to rehabilitate homes built before June 15, 1976, but can support their replacement with newer, safer housing that meets modern construction standards. The Secretary of Housing and Urban Development will oversee the grant program, with the flexibility to waive certain administrative requirements to facilitate the program's implementation. The bill authorizes appropriations to fund these grants, aiming to support and enhance manufactured housing communities across the United States.

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https://www.congress.gov/bill/119th-congress/house-bill/4477/all-info