Preservation and Reinvestment Initiative for Community Enhancement (PRICE)

The Preservation and Reinvestment Initiative for Community Enhancement (PRICE) is a federal grant program administered by the U.S. Department of Housing and Urban Development (HUD). This initiative is authorized under Title I of the Housing and Community Development Act of 1974 and funded through congressional appropriations in fiscal year 2025. HUD’s broader mission is to create strong, sustainable, inclusive communities and quality affordable homes for all, and the PRICE program aligns with this mission by targeting the preservation and revitalization of manufactured housing communities (MHCs), which are a critical source of affordable housing across the United States. The primary purpose of the PRICE competition is to preserve long-term housing affordability for residents of manufactured housing communities, support the redevelopment of these communities, and ensure that investments primarily benefit low- and moderate-income residents. The program focuses on stabilizing and improving manufactured housing infrastructure, preventing displacement, and enhancing living conditions. Funding may be used for activities such as rehabilitation, infrastructure upgrades, community redevelopment, and other eligible uses consistent with community development objectives under HUD guidelines. The scope of funding includes competitive grants with an estimated total program funding of $10,000,000, distributed across approximately three awards. Individual awards are expected to range from $1,000,000 to $5,000,000. There is no cost-sharing or matching requirement associated with this funding opportunity, which lowers barriers to entry for eligible applicants. Funds must be used in accordance with federal regulations governing community development block grant programs, and recipients are expected to comply with all applicable statutory and regulatory requirements. Eligibility for the program is broad and inclusive of various public and nonprofit entities. Eligible applicants include county governments, state governments, city or township governments, Native American tribal governments, and tribal organizations. Additional eligible entities include multi-jurisdictional organizations, metropolitan planning organizations, resident-controlled manufactured housing communities, cooperatives, nonprofit organizations and their consortia, community development financial institutions (CDFIs), and other entities that partner with residents of manufactured housing communities. Individuals, foreign entities, and sole proprietorships are explicitly excluded from eligibility. The application process is expected to be conducted electronically through federal grant submission systems, with a forecasted application due date of August 3, 2026, by 11:59 p.m. Eastern Time. The estimated posting date for the full Notice of Funding Opportunity is June 15, 2026. Applicants will be required to prepare and submit a complete application package that aligns with HUD requirements, which typically includes project narratives, budget justifications, and documentation demonstrating eligibility and capacity. While specific evaluation criteria are not detailed in the forecast, HUD competitions generally assess applications based on need, project design, capacity, and anticipated outcomes. The anticipated timeline indicates that awards will be announced around September 15, 2026, with project start dates expected by September 30, 2026. This relatively short turnaround between award and project initiation suggests that applicants should be prepared to begin implementation promptly upon award. The opportunity is currently in forecast status and is not yet open for applications, meaning interested applicants should monitor HUD communications and prepare in advance for submission requirements once the full notice is released. For additional information or inquiries, applicants may contact HUD representative B. Cory Schwartz via email at PRICE@HUD.gov or by phone at 202-402-4105.