HR4477-119

What This Bill Does

The PRICE Act adds section 123 to the Housing and Community Development Act of 1974. HUD must run a competitive grant program for eligible recipients to develop or improve eligible manufactured housing communities. Eligible communities must be affordable to low- and moderate-income people, up to 120 percent of area median income, and either resident-owned through a resident-controlled entity such as a cooperative or maintained as affordable for low- and moderate-income residents as long as feasible. Eligible recipients include manufactured housing communities, local governments, housing authorities, resident-owned communities, resident-owned cooperatives, nonprofits with housing expertise, community development financial institutions, Indian Tribes, tribally designated housing entities, states, and owner-operators working with eligible communities. Grants may support community infrastructure, facilities, utilities, land improvements, reconstruction or repair of existing housing, replacement homes, planning, resident health, safety, and accessibility work, land and site acquisition, expansion, resident services, relocation assistance, eviction prevention, and down payment assistance. Grants may not modernize pre-June 15, 1976 units except for disposition and replacement with compliant housing. HUD must prioritize projects benefiting low- and moderate-income residents and preserving long-term affordability, may waive certain administrative rules but not fair-housing, nondiscrimination, labor, or environmental requirements, may set aside funds for Tribes and tribally designated housing entities, and receives such sums as necessary.

Who Benefits and How

Resident-owned manufactured housing communities benefit from grant funding for infrastructure, repairs, replacement homes, and affordability preservation. Low- and moderate-income manufactured-home residents benefit from community improvements, relocation assistance, eviction prevention, and health or accessibility work. Community development financial institutions benefit from eligibility to participate in manufactured-housing preservation projects. Indian Tribes and tribally designated housing entities benefit from eligibility and possible HUD set-asides.

Who Bears the Burden and How

HUD must run the competitive grant program, publish selection criteria, prioritize affordability, and oversee waivers. Grant recipients must use funds for eligible community improvements and comply with fair-housing, nondiscrimination, labor, and environmental requirements. Owner-operators must work with eligible manufactured housing communities and preserve long-term affordability. Federal taxpayers fund the grant program through such sums as Congress appropriates.

Key Provisions

• Creates a competitive HUD grant program for eligible manufactured housing community development and improvement projects.
• Requires eligible communities to serve low- and moderate-income residents up to 120 percent of area median income and preserve affordability.
• Allows grants for infrastructure, utilities, housing repair, replacement homes, planning, accessibility, acquisition, services, relocation assistance, eviction prevention, and down payment assistance.
• Bars grant use for modernization of pre-June 15, 1976 units except for disposition and compliant replacement.
• Authorizes HUD to prioritize affordability, waive some administrative rules, and set aside funds for Tribes and tribally designated housing entities.