Title
Approval of a Resolution Authorizing an Application for the Preservation and Reinvestment Initiative for Community Enhancement (PRICE) Grant
Recommended Action
Committee Recommendation:
Not referred to committee.
City Manager Recommendation:
Move to approve a Resolution authorizing an application for the Preservation and Reinvestment Initiative for Community Enhancement (PRICE) Grant.
Report
Issue:
Whether to approve a Resolution authorizing an application for the Preservation and Reinvestment Initiative for Community Enhancement (PRICE) Grant.
Staff Contact:
Anastasia Everett, Office of Community Vitality, CDBG Program Manager, 360.233.6197
Presenter(s):
None - Consent Calendar Item
Background and Analysis:
The U.S. Department of Housing and Urban Development (HUD) has issued a Notice of Funding Opportunity (NOFO) which appropriates $235 million in competitive grant funding for the preservation and revitalization of manufactured housing and eligible manufactured housing communities.
Congress has directed HUD to undertake a competition using the Community Development Block Grant (CDBG) statutory and regulatory framework for this first-of-its-kind initiative. The Preservation and Reinvestment Initiative for Community Enhancement (PRICE) supports communities in their efforts to maintain, protect, and stabilize manufactured housing and manufactured housing communities (MHCs).
The City of Olympia is partnering with Northwest Cooperative Development Center (NWCDC) and collaborating with Thurston County to prepare a grant application response to the PRICE NOFO.
The submission requirements include a 15-day public comment period and a public hearing. The public hearing was held at the June 18th, 2024 City Council meeting. The public comment period for the grant application opened June 17th and closed at 5:00 p.m. July 1st. No comments or testimony were received during the public comment period or Public Hearing.
Following the completion of the pu...
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