Preservation and Reinvestment Initiative for Community Enhancement (PRICE) Program

New funding to help local governments support people living in manufactured housing and manufactured housing communities may soon be available from the North Carolina Department of Commerce, using federal resources that may become available from the U.S. Department of Housing and Urban Development (HUD) and its Community Development Block Grants (CDBG).

Commerce's Rural Economic Development Division (REDD) submitted an application earlier this year for more than $15 million in funding through the new Preservation and Reinvestment Initiative for Community Enhancement (PRICE) program, identified in a recent HUD Notice of Funding Opportunity (NOFO) in the main category of that NOFO. 

The purpose of the funding program is to support manufactured housing and manufactured housing communities, and the program is named in honor of former U.S. Congressman from North Carolina David Price.

Through the PRICE program, Commerce's Rural Division would award funds to local governments to support manufactured housing as a long-term affordable housing opportunity. 

Applications are not being accepted at this time, as HUD has not yet announced which jurisdicitions around the country will be awarded funds from the program.

For reference, you may review North Carolina's application to the federal government (HUD) online.

For additional information on the program,
Valerie Fegans
CDBG Director
North Carolina Department of Commerce
valerie.fegans@commerce.nc.gov