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.

Commerce's Rural Economic Development Division (REDD) is applying for $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.

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. Qualifying local governments can apply for these funds now and the application deadline is July 10, 2024, at 11:59pm ET.

Public Hearing

A public hearing on the PRICE program will be held on Thursday, June 27, 2024, at 10:00am, both online and in person at the North Carolina Housing Finance Agency, located at 3508 Bush Street, Raleigh, NC 27609-7509. 

Online participants can join the meeting from their computer, tablet, or smartphone at https://ncgov.webex.com/meet/s.simpson-carter. When using video conferencing system or application join at s.simpson-carter.ncgov@webex.com. You can also dial in using your phone at 1-415-655-0003. Then, enter the meeting access code 2426 630 0127.

Persons with disabilities or who otherwise need assistance should contact Tamisha Evans before 5:00 pm ET, Thursday, June 20, 2024. Email Tamisha at tamisha.evans@commerce.nc.gov by this time and accommodations will be made for all who request assistance to participate in the official public hearing.

Public Comments

As part of the application, REDD is required to have a 15-day public comment period, which opened on Wednesday, June 19, 2024, and will end on Wednesday, July 3, 2024 at 5:00 PM ET. 

The draft version of the PRICE Main NC application is available for your review and comment here on the N.C. Commerce website. Please be aware that REDD reserves the right to make minor edits to the application after posting it to the website.

Any individual or organization may provide written comments regarding the draft version of the PRICE Main NC application. Written comments will be accepted by email until Wednesday, July 3, 2024 at 5:00 PM ET.  Use the words 'Public Comment' in the subject line of your email and send it to Valerie.Fegans@commerce.nc.gov.  Written comments can also be mailed via the U.S. Postal Service, but must be postmarked by Wednesday, July 3, 2024 at 5:00 PM ET to:

Valerie Fegans
CDBG Director
Public Comment, Rural Economic Development Division
North Carolina Department of Commerce
4346 Mail Service Center
Raleigh, NC 27699-4346.