Shaheen Applauds Action to Advance Programs to Increase Housing Affordability and Support Manufactured Housing Communities
(Washington, DC) – U.S. Senator Jeanne Shaheen (D-NH) applauded new action by the U.S. Department of Housing and Urban Development (HUD) and U.S. Department of the Treasury that will help Granite Staters access affordable housing and to support manufactured housing communities. Last week, HUD announced the launch of the Preservation and Reinvestment Initiative for Community Enhancement (PRICE) Program to help preserve and revitalize manufactured housing. Shaheen helped introduce legislation to make the PRICE program permanent and supported $225 million for PRICE in the Fiscal Year 2023 funding bill.
Also announced last week was a joint Treasury-HUD decision to extend the Federal Financing Bank Risk Sharing Program, which has provided low-cost financing for more than 12,000 affordable housing units in just two years. Shaheen recently sent a letter to HUD and Treasury urging them to extend this program, which would help finance the construction of more affordable housing in New Hampshire.
“Manufactured housing is a critical source of affordable housing, especially for Granite Staters in rural areas who have fewer options,” said Senator Shaheen. “New Hampshire is the birthplace of the resident-owned community movement, and the PRICE program will help provide much-needed resources to support the more than 140 resident-owned manufactured housing communities in New Hampshire and the families who call them home.”
Senator Shaheen is a leader in the Senate working to combat homelessness and housing instability by helping to ensure Granite Staters have the resources they need to thrive. Shaheen recently applauded $12,838,362 in federal grants for New Hampshire organizations that provide housing assistance and supportive services for people experiencing homelessness through the U.S. Department of Housing and Urban Development (HUD) Continuum of Care (CoC) Program. In January, a Shaheen-led bipartisan bill to increase access to rural housing passed in the Senate. Shaheen has also introduced the Fighting Homelessness Through Services and Housing Act to help local governments reduce homelessness as well as a bicameral bill that would protect the rights of residents of manufactured housing communities. As a senior member of the U.S. Senate Appropriations Committee and Chair of the Commerce, Justice, Science Appropriations Subcommittee, Shaheen worked to include key provisions from her Strategy and Investment in Rural Housing Preservation Act in the FY 2024 Agriculture and Related Agencies Appropriations Act. Shaheen’s standalone legislation would ensure that hundreds of thousands of low-income tenants in rural areas are able to maintain access to safe and affordable housing. Shaheen also led the New Hampshire congressional delegation in securing more than $350 million in Emergency Rental Assistance Funds and $50 million in Homeowner Assistance Funds for the state.
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