# PRICE Act (S. 943) - Plain Language Summary

## What This Bill Does

The PRICE Act (Preservation and Reinvestment Initiative for Community Enhancement Act) creates a new federal grant program to help improve manufactured housing communities—the parks and developments where mobile homes are located. The bill authorizes the federal government to distribute competitive grants to various organizations to fund improvements and repairs in these communities, with a focus on keeping housing affordable for low- and moderate-income residents.

## Who Benefits

The primary beneficiaries are residents of manufactured housing communities, particularly low- and moderate-income families. The grants can go to multiple types of organizations, including:
- Resident-owned cooperatives and community groups
- Local governments and housing authorities
- Nonprofits focused on housing
- Native American tribes and tribal housing entities
- Community development financial institutions (lenders that serve underserved communities)

## Key Provisions

The grants can fund a wide range of improvements, including:
- **Infrastructure repairs**: fixing utilities, roads, and community facilities
- **Home improvements**: reconstruction, repair, or replacement of individual homes
- **Health and safety upgrades**: weatherization, accessibility modifications for disabled residents, and safety improvements
- **Community services**: relocation assistance, eviction prevention, and down payment help
- **Land acquisition**: for expanding or building new affordable manufactured housing communities

The bill prioritizes communities that are either resident-owned or committed to remaining affordable for low- and moderate-income households (up to 120% of the area median income).