Preservation and Reinvestment Initiative for Community Enhancement (PRICE)
Can you apply?
This grant is for nonprofits, local government agencies, and community development organizations working to preserve and revitalize neighborhoods through community-based initiatives. Eligible applicants typically include 501(c)(3) public charities, CDFIs, community land trusts, and city/county governments. The program supports projects in distressed or underserved communities nationwide, with a focus on economic development, property rehabilitation, and community strengthening. Funded activities commonly include housing preservation, neighborhood infrastructure improvements, commercial district revitalization, land acquisition, and community planning efforts that enhance economic opportunity and quality of life for low- to moderate-income residents.
Key dates
- Apr 27, 2026 Applications open
- Aug 3, 2026 Application deadline in 63 days
- Sep 15, 2026 Award announced
- Sep 30, 2026 Project start
This grant is for nonprofits, local government agencies, and community development organizations working to preserve and revitalize neighborhoods through community-based initiatives. Eligible applicants typically include 501(c)(3) public charities, CDFIs, community land trusts, and city/county governments. The program supports projects in distressed or underserved communities nationwide, with a focus on economic development, property rehabilitation, and community strengthening. Funded activities commonly include housing preservation, neighborhood infrastructure improvements, commercial district revitalization, land acquisition, and community planning efforts that enhance economic opportunity and quality of life for low- to moderate-income residents.
Program description
HUD is issuing the Preservation and Reinvestment Initiative for Community Enhancement (PRICE) competition NOFO to preserve long-term housing affordability for residents of manufactured housing or an MHC, to redevelop MHCs, and to primarily benefit low- and moderate-income (LMI) residents. Congress appropriated in FY2025 these competitive grants to preserve and revitalize manufactured housing and eligible manufactured housing communities and directed HUD to undertake a competition under title I of the Housing and Community Development Act of 1974, as amended (42 U.S.C. 5301 et seq.).
Who can apply
Eligible applicants
- 501(c)(3) Public Charity
- CDFI
- City / Municipal Government
- Community Land Trust
- County Government
- State Government
- Tribal Nation
- Tribal Organization
Demographic focus
Details
This grant is for nonprofits, local government agencies, and community development organizations working to preserve and revitalize neighborhoods through community-based initiatives. Eligible applicants typically include 501(c)(3) public charities, CDFIs, community land trusts, and city/county governments. The program supports projects in distressed or underserved communities nationwide, with a focus on economic development, property rehabilitation, and community strengthening. Funded activities commonly include housing preservation, neighborhood infrastructure improvements, commercial district revitalization, land acquisition, and community planning efforts that enhance economic opportunity and quality of life for low- to moderate-income residents.
How to apply
Application links
Key dates & requirements
Required documents
- SF-424 (Application for Federal Assistance)
- Project narrative describing community need, project design, and expected outcomes
- Detailed budget and budget narrative with cost justification
- Organizational capacity documentation (staff resumes, past performance, organizational chart)
- Letters of support from community partners and local government
- Environmental review documentation or certification (HUD Form HUD 424-1)
- Civil rights compliance documentation and Equal Opportunity Plan
- Evidence of nonprofit status (501(c)(3) determination letter) if applicable
- Audit report or financial statements (typically last 2 fiscal years)
Program contact
- 👤 B. Cory Schwartz
- 📧 PRICE@HUD.gov
- 📞 202-402-4105
Funding track record
Recent awards under CFDA 14.024 from the last 3 years — real organizations that won funding through this same program.
Top 10 Largest Recent Awards
-
Roc Usa Llc NH$38,125,875
-
$29,151,778
-
$28,276,691
-
$20,284,999
-
$17,890,795
-
$14,920,945
-
$13,750,000
-
$11,519,567
-
$8,329,975
-
$7,155,231
Top States by Funding
- NH 1 awards $38.1M
- VA 1 awards $29.2M
- KY 1 awards $28.3M
- CA 3 awards $22.7M
- MN 1 awards $20.3M
Source: USAspending.gov — federal spending transparency. Data covers last 3 years.
Funding history
Annual funding for this program — Federal obligations (CFDA 14.024). How funding has trended year over year.
| 2025 | $225,000,000 | |
| 2026 est. | $225,000,000 |
FAQ
Who is eligible to apply for PRICE funding?
Typically 501(c)(3) nonprofits, local government entities, CDFIs, and community development organizations with experience in community revitalization are eligible. Some programs prioritize organizations serving distressed communities.
What types of projects are funded?
PRICE supports neighborhood preservation and reinvestment activities including housing rehabilitation, commercial corridor revitalization, community facilities, infrastructure improvements, and planning efforts that benefit low- to moderate-income communities.
When is the deadline for applications?
The application window opens April 27, 2026. Check HUD's grants portal (Grants.gov) for the specific submission deadline, which is typically 30-60 days after the application opens.
How competitive is this program?
HUD programs are generally competitive. Successful applications typically demonstrate clear community need, organizational capacity, realistic budgets, and strong partnerships with local stakeholders.
What is the typical funding range?
Award amounts vary depending on project scope and community size. Review the Notice of Funding Opportunity (NOFO) on Grants.gov for specific funding caps and typical award sizes for your activity type.
💡 Tips for applicants
- Demonstrate clear community need through data on poverty rates, housing conditions, unemployment, and other economic indicators for your target area.
- Build strong partnerships with local government, businesses, nonprofits, and residents; HUD values collaborative approaches and community buy-in.
- Show organizational capacity and past experience managing similar projects, including staff expertise, financial management systems, and proven track record.
- Develop a realistic, detailed budget and timeline with measurable outcomes; connect activities directly to community revitalization goals.
- Address how your project will create lasting economic benefits and leverage additional funding sources to extend impact beyond the grant period.
⚠️ Common mistakes
Applications often fail due to insufficient community needs documentation, weak organizational capacity narratives, or lack of demonstrated partnerships. Applicants frequently underestimate the complexity of HUD compliance requirements, including Davis-Bacon prevailing wage rules for construction, environmental review, and civil rights documentation. Many proposals lack clear, measurable outcomes or fail to convincingly connect activities to sustainable community benefit.
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