"Section 304 of the 21st Century Road to Housing Act aims to create a permanent authorization for PRICE grants, which are essential for repairing and preserving manufactured home communities."
"The previous allocation of $225 million in PRICE program funds revealed a systematic bias against for-profit manufactured housing community owners, who were excluded from receiving grants despite their expertise."
"Most grants were awarded to non-profits and resident-owned communities, resulting in expenditures of up to $160,000 per home, which is less efficient than constructing new manufactured homes."
"The ambiguous language in Section 304 risks perpetuating the same issues, as it does not clearly state that for-profits are eligible for grants based on the merit of their applications."
The 21st Century Road to Housing Act focuses on expanding affordable housing, particularly through manufactured housing communities. Section 304 proposes permanent authorization for PRICE grants to support community repairs and preservation. However, past issues with the grant process excluded for-profit owners, who manage most manufactured home communities. This exclusion led to inefficient use of taxpayer funds, as grants primarily benefited non-profits. The current draft of Section 304 risks repeating these mistakes due to unclear eligibility criteria for for-profits, emphasizing the need for clarity in grant application processes.
Read at www.housingwire.com
Unable to calculate read time
Collection
[
|
...
]