S.943 - Preservation and Reinvestment Initiative for Community Enhancement Act; PRICE Act (119th Congress)
Summary
S.943, the PRICE Act, aims to establish a grant program for improving manufactured housing communities. The bill amends the Housing and Community Development Act of 1974 to create this program. It focuses on providing funds to eligible recipients for projects that develop or improve these communities, particularly those serving low- and moderate-income residents.
Expected Effects
The PRICE Act would likely lead to improvements in the living conditions and affordability of manufactured housing communities. It could also stimulate local economies through construction and renovation projects. The bill prioritizes long-term affordability and resident well-being.
Potential Benefits
- Improved living conditions in manufactured housing communities.
- Increased affordability of housing for low- and moderate-income residents.
- Stimulation of local economies through construction and renovation projects.
- Enhanced community infrastructure and services.
- Support for resident-owned and operated communities.
Potential Disadvantages
- Potential for bureaucratic delays in grant distribution.
- Risk of funds being mismanaged or used inefficiently.
- Possible unintended consequences related to land use and development.
- The program's success depends on effective oversight and implementation by the Secretary.
- Limited funding may not address all needs.
Constitutional Alignment
The bill appears to align with the Constitution's general welfare clause (Preamble). It promotes housing and community development, which can be argued as contributing to the general welfare. The program's focus on low- and moderate-income individuals aligns with the principle of promoting a more equitable society.
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).