Preservation and Reinvestment Initiative for Community Enhancement Act; PRICE Act
Summary
The Preservation and Reinvestment Initiative for Community Enhancement Act (PRICE Act) aims to establish a grant program for improving manufactured housing communities. It amends the Housing and Community Development Act of 1974 to create a competitive grant program. This program would provide funds to eligible recipients for development or improvements in eligible manufactured housing communities.
Expected Effects
The PRICE Act would provide financial assistance for infrastructure improvements, housing reconstruction and replacement, and resident services within manufactured housing communities. It prioritizes projects benefiting low- and moderate-income residents and preserving long-term housing affordability. The Act also allows the Secretary to waive certain regulations to facilitate the use of grant funds.
Potential Benefits
- Improves living conditions in manufactured housing communities.
- Preserves affordable housing options for low- and moderate-income individuals.
- Supports community development and infrastructure improvements.
- Provides resources for resident health, safety, and accessibility activities.
- Offers relocation assistance and eviction prevention services.
Potential Disadvantages
- Potential for bureaucratic delays in grant distribution.
- Limited scope, focusing solely on manufactured housing communities.
- Possible challenges in ensuring long-term affordability and sustainability.
- Dependence on appropriations, which may vary over time.
- Risk of funds being used inefficiently or for unintended purposes.
Constitutional Alignment
The PRICE Act appears to align with the Constitution's general welfare clause (Preamble). It aims to promote the general welfare by improving housing conditions and supporting vulnerable populations. The Act's focus on housing and community development falls within the scope of Congress's enumerated powers under Article I, Section 8, which grants Congress the power to collect taxes and provide for the general welfare of the United States.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).