Title
Authorization to Apply, Accept, and Disburse Funds and Enter into Agreements for a Preservation and Reinvestment Initiative for Community Enhancement Grant Opportunity (Ordinance S-50937)
Description
Request approval for the City Manager, or his designee, to submit a grant application to the U.S. Department of Housing and Urban Development (HUD) for the Preservation and Reinvestment Initiative for Community Enhancement (PRICE) grant opportunity on behalf of the Housing, Human Services (HSD), and Neighborhood Services (NSD) departments. If awarded, request approval to execute all contracts necessary to accept and disburse the grant funds. Further request authorization for the City Treasurer to accept, and for the City Controller to disburse, grant funds in accordance with the terms of the aforementioned grant.
Report
Summary
On Feb. 28, 2024, HUD issued a Notice of Funding Opportunity (NOFO) for the PRICE grant program with an application deadline of July 10, 2024. HUD is providing $235 million in competitive federal grant funding for preservation and revitalization of manufactured housing and eligible manufactured housing communities (MHCs). The PRICE grant is divided into two categories, a main competition (PRICE Main) and a replacement pilot (PRICE Replacement Pilot), which are available to local and state governments, nonprofit entities, and multi-jurisdictional entities. Up to $75 million per grantee is available over a six-year grant period of performance for PRICE Main. Award announcements are expected in late fall 2024.
The City intends to apply for PRICE Main for up to the maximum award of $75 million, which permits projects focused on affordable housing preservation by encouraging revitalization and enhancement activities to preserve existing MHCs and manufactured housing units, including the repair, rehabilitation, and replacement of existing manufactured homes; infrastructure improvements; planning and resilience activities; in addition to housing and supportive service activities for existing residents. This supports the Housing Phoenix Plan's goal of preserving existing affordable housing.
Contract Terms
The grant term is for up to six years from October 2024 to September 2030.
Financial Impact
No match or General Fund dollars are required for this grant.
Responsible Department
This item is submitted by Deputy City Manager Gina Montes and the Housing, Human Services and Neighborhood Services departments.