1. Short title This Act may be cited as the Preservation and Reinvestment Initiative for Community Enhancement Act or the PRICE Act . 2. Manufactured housing community improvement grant program (a) Definitions In this section: (1) Community development financial institution The term community development financial institution has the meaning given the term in section 103 of the Community Development Banking and Financial Institutions Act of 1994 ( 12 U.S.C. 4702 ). (2) Eligible manufactured home community The term eligible manufactured home community means a manufactured home community that— (A) is affordable to low- and moderate-income persons; and (B) (i) is owned by the residents of the manufactured home community through a resident-controlled entity such as a resident-owned cooperative, as defined by the Secretary; or (ii) will be maintained as such a community, and remain affordable for low- and moderate-income persons, to the maximum extent practicable and for the longest period feasible. (3) Eligible recipient The term eligible recipient means— (A) an eligible manufactured home community; (B) a unit of general local government, including a housing authority; (C) a resident-owned community; (D) a resident-owned cooperative; (E) a nonprofit entity with housing expertise or a consortia of such entities; (F) a community development financial institution; (G) an Indian Tribe or tribally designated housing entity; or (H) any other entity approved by the Secretary working with an eligible manufactured home community. (4) Indian Tribe The term Indian Tribe has the meaning given the term Indian tribe in section 4 of the Native American Housing Assistance and Self-Determination Act of 1996 ( 25 U.S.C. 4103 ). (5) Low- and moderate-income persons