FY 23 Preservation and Reinvestment Initiative for Community Enhancement (PRICE) Competition

Program Description: 

HUD is issuing the Preservation and Reinvestment Initiative for Community Enhancement (PRICE) competition NOFO to preserve long-term housing affordability for residents of manufactured housing or an MHC, to redevelop MHCs, and to primarily benefit low- and moderate-income (LMI) residents. This NOFO is authorized by the Consolidated Appropriations Act, 2023 (Public Law 117-328, approved December 29, 2022). Congress appropriated $225 million for competitive grants to preserve and revitalize manufactured housing and eligible manufactured housing communities and directed HUD to undertake a competition under title I of the Housing and Community Development Act of 1974, as amended (42 U.S.C. 5301 et seq.). Of the $225 million available, $200 million is reserved for the main PRICE competition (PRICE Main), of which at least $10 million is intended for Indian tribes or Tribally Designated Housing Entities and Tribal organizations designated by such Indian tribes (hereinafter referred to as “Tribal Applicants”), and $25 million is reserved for a pilot program to assist in the redevelopment of manufactured housing communities as replacement housing that is affordable (PRICE Replacement Pilot). The minimum grant request for the PRICE Main competition is $5 million for all applicants, except Tribal Applicants. Tribal Applicants may request a minimum of $500,000 for the PRICE Main competition. The minimum grant request for the PRICE Replacement Pilot is $5 million. PRICE Main activities must assist in preserving and revitalizing manufactured housing and eligible MHCs, and PRICE Replacement Pilot awards must assist in the redevelopment of MHCs as affordable replacement housing.

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.

This NOFO makes available approximately $225,000,000 for the PRICE competition. Subject to appropriations, HUD reserves the right to award fiscal year 2024 funds based on this NOFO competition.

Additional funds may become available for award under this NOFO consistent with Section VI.A.2.e., Adjustments to Funding. Use of these funds is subject to statutory constraints. All awards are subject to the funding restrictions contained in this NOFO.

• If this NOFO has multiple funding sources, you may use the field below to list the sources and amounts (if known)

Any selection and award under this NOFO is subject to the availability of appropriated funds. Under this NOFO, HUD is making available a total of $225,000,000 for the PRICE program. There are two categories of funds available: PRICE Main and PRICE Replacement Pilot.

• PRICE Main: $200,000,000 available to state governments, local governments, metropolitan planning organizations, multi-jurisdictional entities, resident-controlled MHCs, cooperatives, non-profit entities (including consortia of non-profit entities), CDFIs, Tribal Applicants, and entities that partner with one or several residents of such eligible communities or that propose to implement a grant program that would assist residents of such eligible communities for the purposes of development of infrastructure, planning activities, resident and community services, resilience activities, and providing other assistance to manufactured housing tenants and homesite renters for land and site acquisition. Note that eligible applicants may also support or partner with residents of Colonias. Of the $200 million for PRICE Main, HUD intends to award at least $10 million to Tribal Applicants, subject to HUD receiving an adequate number of fundable applications from Tribal Applicants. Among the eligible applicants listed, both current and prospective CDBG and ICDBG recipients are encouraged to apply. Tribal Applicants receiving PRICE Main funding are subject to the ICDBG requirements.

• PRICE Replacement Pilot: $25,000,000 available to state governments, local governments, metropolitan planning organizations, multi-jurisdictional entities, resident-controlled MHCs, cooperatives, non-profit entities (including consortia of non-profit entities), CDFIs, Tribal Applicants, and entities that partner with one or several residents of such eligible communities or that propose to implement a grant program that would assist residents of such eligible communities in the redevelopment of manufactured housing communities as replacement housing that is affordable. Note that eligible applicants may also support or partner with residents of Colonias. Among the eligible applicants listed, both current and prospective CDBG and ICDBG recipients are encouraged to apply. For PRICE Replacement Pilot awards, grantees are required to supplement the grant with non-federal amounts exceeding 50% of the HUD grant and if single-family manufactured housing units (including pre-1976 mobile homes) are replaced as part of a project that is conducted with PRICE Replacement Pilot funds, those units must be replaced with up to four units of such affordable housing. Applicants proposing to conduct such activities for redevelopment of manufactured housing communities as replacement housing that is affordable are also eligible to apply for PRICE Main. Tribal Applicants receiving PRICE Replacement Pilot funding are subject to the ICDBG requirements. Applications that do not include the required match may be considered for PRICE Main as applicable.  An applicant applying for PRICE Replacement Pilot funding must include a statement in the application that it is applying for the PRICE Replacement Pilot.

Intent to Modify:

The FY2023 Preservation and Reinvestment Initiative for Community Enhancement (PRICE) Notice of Funding Opportunity (NOFO) is being increased from $225 million in total funding to $235 million. This modification will incorporate the funding of $10 million from the FY2024 appropriation for PRICE into the FY2023 competition.  The modification will also increase the portion intended for Tribal applicants from $10 million to $11 million, of which $1 million will be reserved for Tribal applicants.

Note: There is no change to the funding level for the PRICE Replacement Pilot. $25 million remains reserved for the PRICE Replacement Pilot.

In addition to the increase in funding, the FY2023 PRICE NOFO Modification provides certain changes and clarifications on eligible activities, eligible applicants, public participation requirements, and other NOFO requirements.  

HUD does not anticipate these modifications will necessitate changes to most proposals. Therefore, applicants are encouraged to continue preparing their proposals. HUD expects to extend the application submission deadline to June 24, 2024. Applicants that have already submitted application packages may review, revise based on the modifications once published, and resubmit before the deadline. HUD will conduct a webinar to walk attendees through the modified NOFO.

Program Office: Community Planning and Development

Funding Opportunity Title:  Preservation and Reinvestment Initiative for Community Enhancement (PRICE) Competition

Funding Opportunity Number: FR-6700-N-99

Assistance Listing Number: 14.024

OMB Approval Number(s): 2506-0221

Original Estimated Opening Date for Applications: 02/28/2024

Original Estimated Due Date for Applications: 06/05/2024 11:59PM EST

Modification Published: 05/17/2024

Modified Estimated Due Date for Applications: 07/10/2024 11:59PM EST

Applicants in areas covered under the Presidentially declared disaster are eligible to request an application extension to July 10^th, 2024.

For applicants in the areas of the Presidentially-declared disaster Texas Hurricane Beryl [DR-4798-TX], the PRICE application deadline are eligible to request an extension to Monday, July 15th, 2024 at 11:59pm Eastern Time / 8:59pm Pacific Time.  These areas include the following Texas counties: Anderson, Angelina, Aransas, Austin, Bowie, Brazoria, Brazos, Burleson, Calhoun, Cameron, Camp, Cass, Chambers, Cherokee, Colorado, Dewitt, Fayette, Fort Bend, Freestone, Galveston, Goliad, Gregg, Grimes, Hardin, Harris, Harrison, Hidalgo, Houston, Jackson, Jasper, Jefferson, Kenedy, Kleberg, Lavaca, Lee, Leon, Liberty, Madison, Marion, Matagorda, Milam, Montgomery, Morris, Nacogdoches, Newton, Nueces, Orange,  Panola, Polk, Refugio, Robertson, Rusk, Sabine, San Augustine, San Jacinto, San Patricio, Shelby, Trinity, Tyler, Upshur, Victoria, Walker, Waller, Washington, Webb, Wharton, and Willacy.  If you are unable to access the web and/or do not have power, you may mail a hard copy of the application to:

Department of Housing and Urban Development

Office of Block Grant Assistance

451 7th Street S.W. 

Suite 7282

Washington, D.C. 20410

FONSI

Modified Program NOFO

Agency Contact: Questions regarding specific program requirements for this NOFO should be directed to: PRICE@hud.gov

Individuals who are deaf or hard of hearing, or who have speech and other communication disabilities may use a relay service to reach the agency contact. To learn more about how to make an accessible telephone call, visit the webpage for the Federal Communications Commission. Note that HUD staff cannot assist applicants in preparing their applications.