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America December 20, 2024 2 mins read

HUD Awards $225M in PRICE Grants

America ı By Rihem Akkouche

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HUD Awards $225M in PRICE Grants

The U.S. Department of Housing and Urban Development (HUD) has allocated $225 million under its Preservation and Reinvestment Initiative for Community Enhancement (PRICE) program to improve conditions in manufactured housing communities. The grants, awarded to 17 applicants, prioritize tribal communities and resident-managed housing developments.

Supporting Housing Affordability and Community Empowerment

The grants aim to fund critical repairs, infrastructure upgrades, and resident services while supporting communities transitioning to resident management.

“We heard how challenging it can be to own your home, but rent the land the home sits on,” said Marion McFadden, HUD’s principal deputy assistant secretary for community planning and development. “The winning proposals invest in communities, empower residents, and prioritize long-term affordability.”

Tribal Communities Receive Priority Funding

HUD allocated $46 million to tribal applicants, recognizing that manufactured housing represents 17% of homes on tribal lands, significantly higher than the national average. Among the tribal recipients:

  • Burns Paiute Tribe
  • Kashia Band of Pomo Indians of the Stewarts Point Rancheria
  • Keweenaw Bay Indian Community
  • Red Cliff Band of Lake Superior Chippewa

These grants range between $5 million and $7.1 million per awardee.

Largest Award Goes to ROC USA

The single largest grant, $38.1 million, was awarded to ROC USA LLC, a nonprofit supporting resident ownership of manufactured housing in 12 states. The funding will enhance technical assistance and financing for resident-owned communities.

Emily Thaden, ROC USA’s president, called the funding a transformative step. “This PRICE funding is a historic investment in preserving and improving manufactured home communities — America’s largest source of naturally affordable housing. ROCs will lead the way in stabilizing families’ most important asset, their homes, and ensuring long-term resilience, affordability, and sustainability,” Thaden said.

HUD’s Long-Term Vision

Transitioning manufactured housing communities to resident-managed models is a key goal of the PRICE program. The funding also seeks to prevent rent and fee increases while addressing the need for accessibility upgrades, infrastructure improvements, and community services.

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Rihem Akkouche

Rihem Akkouche is a passionate journalist dedicated to shedding light on compelling stories, sparking conversations, and fostering a more informed world.

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