PRICE Act

#4477 | HR Congress #119

Subjects:

Last Action: Referred to the House Committee on Financial Services. (7/17/2025)

Bill Text Source: Congress.gov

Summary and Impacts
Original Text

Bill Summary

The "Preservation and Reinvestment Initiative for Community Enhancement Act" (PRICE Act) aims to improve manufactured housing communities by establishing a grant program. This program, managed by the Secretary of Housing and Urban Development, will provide competitive grants to eligible recipients, including local governments, housing authorities, and resident-owned communities, among others.

The grants will fund various projects that enhance living conditions in manufactured housing communities, which must be affordable for low- and moderate-income residents. Eligible projects include infrastructure improvements, housing repairs or replacements, health and safety upgrades, and community services. The act emphasizes prioritizing support for low- and moderate-income residents, promoting long-term affordability and sustainability of these communities.

Additionally, the Secretary has the authority to waive certain regulations to facilitate the program's goals, and there is a provision for setting aside funds specifically for Indian Tribes and their designated housing entities. Overall, the PRICE Act seeks to enhance the quality of life and accessibility for residents in manufactured housing communities across the U.S.

Possible Impacts

Here are three examples of how the "Preservation and Reinvestment Initiative for Community Enhancement Act" (the "PRICE Act") could affect people:

1. **Improved Living Conditions for Low-Income Residents**: The grant program established by the PRICE Act is designed to fund projects that improve the infrastructure and facilities within manufactured housing communities. This could lead to better living conditions for low- and moderate-income residents by providing funding for essential repairs, community centers, recreational areas, and other improvements. For instance, if a manufactured housing community receives a grant to reconstruct its aging infrastructure, residents might benefit from safer roads, improved water supply, and enhanced community spaces, ultimately fostering a better quality of life.

2. **Increased Accessibility and Health Safety**: The Act includes provisions for resident health, safety, and accessibility activities, which can lead to significant benefits for individuals with disabilities or health concerns. Grants could be used to make homes more accessible (e.g., installing ramps or wider doorways) or to address safety issues (e.g., repairing roofs or ensuring proper heating and cooling systems). This would help ensure that vulnerable residents, including seniors and individuals with disabilities, can live in safer and more accommodating environments.

3. **Support for Resident Ownership and Community Stability**: By prioritizing funding for resident-owned communities and cooperatives, the PRICE Act encourages models of ownership that can lead to long-term stability and affordability in housing. This can empower residents to take control of their living situations, protecting them from sudden rent increases or displacement. For example, a resident-owned cooperative that receives funding to expand or improve its facilities can maintain affordability for its members, ensuring that low- and moderate-income families have a place to live without the fear of losing their homes to market pressures.

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4477 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 4477

    To establish a manufactured housing community improvement grant 
                    program, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 17, 2025

 Ms. Bonamici (for herself, Mr. Bacon, and Ms. Salinas) introduced the 
   following bill; which was referred to the Committee on Financial 
                                Services

_______________________________________________________________________

                                 A BILL


 
    To establish a manufactured housing community improvement grant 
                    program, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Preservation and Reinvestment 
Initiative for Community Enhancement Act'' or the ``PRICE Act''.

SEC. 2. MANUFACTURED HOUSING COMMUNITY IMPROVEMENT GRANT PROGRAM.

    Title I of the Housing and Community Development Act of 1974 (42 
U.S.C. 5301 et seq.) is amended--
            (1) in section 105(a) (42 U.S.C. 5305(a)), in the matter 
        preceding paragraph (1), by striking ``Activities'' and 
        inserting ``Unless otherwise authorized under section 123, 
        activities''; and
            (2) by adding at the end the following:

``SEC. 123. PRESERVATION AND REINVESTMENT FOR COMMUNITY ENHANCEMENT.

    ``(a) Definitions.--In this section:
            ``(1) Community development financial institution.--The 
        term `community development financial institution' means an 
        institution that has been certified as a community development 
        financial institution (as defined in section 103 of the Riegle 
        Community Development and Regulatory Improvement Act of 1994 
        (12 U.S.C. 4702)) by the Secretary of the Treasury.
            ``(2) Eligible manufactured housing community.--The term 
        `eligible manufactured housing community' means a manufactured 
        housing community that--
                    ``(A) is affordable to low- and moderate-income 
                persons, as determined by the Secretary, but not more 
                than 120 percent of the area median income; and
                    ``(B)(i) is owned by the residents of the 
                manufactured housing community through a resident-
                controlled entity such as a resident-owned cooperative; 
                or
                    ``(ii) will be maintained as such a community, and 
                remain affordable for low- and moderate-income persons, 
                to the maximum extent practicable and for the longest 
                period feasible.
            ``(3) Eligible recipient.--The term `eligible recipient' 
        means--
                    ``(A) an eligible manufactured housing community;
                    ``(B) a unit of general local government;
                    ``(C) a housing authority;
                    ``(D) a resident-owned community;
                    ``(E) a resident-owned cooperative;
                    ``(F) a nonprofit entity with housing expertise or 
                a consortia of such entities;
                    ``(G) a community development financial 
                institution;
                    ``(H) an Indian Tribe;
                    ``(I) a tribally designated housing entity;
                    ``(J) a State; or
                    ``(K) any other entity that is--
                            ``(i) an owner-operator of an eligible 
                        manufactured housing community; and
                            ``(ii) working with an eligible 
                        manufactured housing community.
            ``(4) Indian tribe.--The term `Indian Tribe' has the 
        meaning given the term `Indian tribe' in section 4 of the 
        Native American Housing Assistance and Self-Determination Act 
        of 1996 (25 U.S.C. 4103).
            ``(5) Manufactured housing community.--The term 
        `manufactured housing community' means--
                    ``(A) any community, court, park, or other land 
                under unified ownership developed and accommodating or 
                equipped to accommodate the placement of manufactured 
                homes, where--
                            ``(i) spaces within such community are or 
                        will be primarily used for residential 
                        occupancy;
                            ``(ii) all homes within the community are 
                        used for permanent occupancy;
                            ``(iii) a majority of such occupied spaces 
                        within the community are occupied by 
                        manufactured homes, which may include homes 
                        constructed prior to enactment of the 
                        Manufactured Home Construction and Safety 
                        Standards; or
                    ``(B) any community that meets the definition of 
                manufactured housing community used for programs 
                similar to the program under this section.
            ``(6) Resident health, safety, and accessibility 
        activities.--The term `resident health, safety, and 
        accessibility activities' means the reconstruction, repair, or 
        replacement of manufactured housing and manufactured housing 
        communities to--
                    ``(A) protect the health and safety of residents;
                    ``(B) address weatherization and reduce utility 
                costs; or
                    ``(C) address accessibility needs for residents 
                with disabilities.
            ``(7) Tribally designated housing entity.--The term 
        `tribally designated housing entity' has the meaning given the 
        term in section 4 of the Native American Housing Assistance and 
        Self-Determination Act of 1996 (25 U.S.C. 4103).
    ``(b) Establishment.--The Secretary shall, by notice, carry out a 
competitive grant program to award funds to eligible recipients to 
carry out eligible projects for development of or improvements in 
eligible manufactured housing communities.
    ``(c) Eligible Projects.--
            ``(1) In general.--Amounts from grants under this section 
        may be used for--
                    ``(A) community infrastructure, facilities, 
                utilities, and other land improvements in or serving an 
                eligible manufactured housing community;
                    ``(B) reconstruction or repair existing housing 
                within an eligible manufactured housing community;
                    ``(C) replacement of homes within an eligible 
                manufactured housing community;
                    ``(D) planning;
                    ``(E) resident health, safety, and accessibility 
                activities in homes in an eligible manufactured housing 
                community;
                    ``(F) land and site acquisition and infrastructure 
                for expansion or construction of an eligible 
                manufactured housing community;
                    ``(G) resident and community services, including 
                relocation assistance, eviction prevention, and down 
                payment assistance; and
                    ``(H) any other activity that--
                            ``(i) is approved by the Secretary 
                        consistent with the requirements under this 
                        section;
                            ``(ii) improves the overall living 
                        conditions of an eligible manufactured housing 
                        community, which may include the addition or 
                        enhancement of shared spaces such as community 
                        centers, recreational areas, or other 
                        facilities that support resident well-being and 
                        community engagement; and
                            ``(iii) is necessary to protect the health 
                        and safety of the residents of the eligible 
                        manufactured housing community and the long-
                        term affordability and sustainability of the 
                        community.
            ``(2) Replacement.--For purposes of subparagraphs (B) and 
        (C) of paragraph (1), grants under this section--
                    ``(A) may not be used for rehabilitation or 
                modernization of units that were built before June 15, 
                1976; and
                    ``(B) may only be used for disposition and 
                replacement of units described in subparagraph (A), 
                provided that any replacement housing complies with the 
                Manufactured Home Construction and Safety Standards or 
                is another allowed home, as determined by the 
                Secretary.
    ``(d) Priority.--In awarding grants under this section, the 
Secretary shall prioritize applicants that will carry out activities 
that primarily benefit low- and moderate-income residents and preserve 
long-term housing affordability for residents of eligible manufactured 
housing communities.
    ``(e) Waivers.--The Secretary may waive or specify alternative 
requirements for any provision of law or regulation that the Secretary 
administers in connection with use of amounts made available under this 
section other than requirements related to fair housing, 
nondiscrimination, labor standards, and the environment, upon a finding 
that the waiver or alternative requirement is not inconsistent with the 
overall purposes of this section and that the waiver or alternative 
requirement is necessary to facilitate the use of amounts made 
available under this section.
    ``(f) Implementation.--
            ``(1) In general.--Any grant made under this section shall 
        be made pursuant to criteria for selection of recipients of 
        such grants that the Secretary shall by regulation establish 
        and publish together with any notification of availability of 
        amounts under this section.
            ``(2) Set aside of grant amounts.--The Secretary may set 
        aside amounts provided under this section for grants to Indian 
        Tribes and tribally designated housing entities.
    ``(g) Authorization of Appropriations.--There is authorized to be 
appropriated to the Secretary such sums as may be necessary to carry 
out this section, which shall be in addition to any other funds 
appropriated to pursuant to this title.''.
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