Keeping Affordable Housing in Forgotten Communities Act

Bill: 118-hr-9944
Sponsor: full_name: Rep. Lee, Summer L. [D-PA-12]
Introduced: 2024-10-08
Policy area: Housing and Community Development
Latest action: action_date: 2024-10-09
text: Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.

Summaries:

tv_txt: I 118th CONGRESS 2d Session H. R. 9944 IN THE HOUSE OF REPRESENTATIVES October 8, 2024 Ms. Lee of Pennsylvania (for herself, Mrs. Sykes , and Mr. Evans ) introduced the following bill; which was referred to the Committee on Transportation and Infrastructure A BILL To amend the Infrastructure Investment and Jobs Act to ensure consideration of affordable housing in the reconnecting communities pilot program, and for other purposes.

1. Short title This Act may be cited as the Keeping Affordable Housing in Forgotten Communities Act . 2. Reconnecting communities pilot program Section 11509 of the Infrastructure Investment and Jobs Act ( 23 U.S.C. 101 note; Public Law 117–58 ) is amended— (1) in subsection (a)— (A) in paragraph (2)— (i) by redesignating subparagraphs (A) through (C) as clauses (i) through (iii), respectively, and indenting appropriately; and (ii) by striking the paragraph designation and heading and all that follows through the term and inserting the following: (B) Inclusions The term ; and (B) by striking the subsection designation and heading and all that follows through the term in paragraph (1) and inserting the following: (a) Definitions In this section: (1) Community land trust The term community land trust means a nonprofit entity or a State or local government or instrumentality of a State or local government that— (A) is not sponsored by a for-profit organization; (B) has as a primary purpose the provision and maintenance of housing that provides long-term affordability for low- and moderate-income persons; (C) provides housing described in subparagraph (B) using a ground lease, deed covenant, or other similar legally enforceable measure, as determined by the Secretary, that— (i) keeps the housing affordable to low- and moderate-income persons for a period of not less than 30 years; and (ii) enables low- and moderate-income persons to purchase the housing for homeownership; and (D) maintains preemptive purchase options to purchase the property so the housing remains affordable to low- and moderate-income persons. (2) Eligible facility (A) In general The term ; (2) in subsection (b)— (A) in paragraph (2), by inserting , or to preserve or create long-term affordable housing units around the existing eligible facility after facility ; and (B) in paragraph (3), by inserting and to enable the preservation or creation of long-term affordable housing units around the existing eligible facility after facility ; (3) in subsection (c)(2)— (A) in subparagraph (A)— (i) in clause (vii), by striking and at the end; (ii) in clause (viii), by adding and after the semicolon at the end; and (iii) by adding after clause (viii) the following: (ix) the impact of the mitigation, retrofit, or removal of the eligible facility on the supply of affordable owner-occupied and rental housing in the surrounding area; ; (B) in subparagraph (B), by striking and at the end; (C) redesignating subparagraph (C) as subparagraph (D); and (D) by inserting after subparagraph (B) the following: (C) housing planning activities required in advance of a project to mitigate, retrofit, or remove an existing eligible facility in order to preserve affordable housing around the existing eligible facility, including— (i) the incorporation of long-term affordability into such a project or the surrounding area through existing or new— (I) community land trusts; (II) other shared equity homeownership programs that— (aa) have income requirements; (bb) require a resale formula that limits the price for which the property may be resold; and (cc) are managed by a nonprofit affordable housing organization or developer; (III) resident-owned communities, including manufactured housing communities; (IV) housing cooperatives; (V) Tribal entities; or (VI) rental housing that will remain affordable for a period of not less than 30 years; (ii) planning related to the purchase or use of property around the existing eligible facility by a community land trust, land bank, nonprofit organization or developer, or municipality for the purpose of creating affordable housing; and (iii) planning related to the implementation of a land value tax or a tax increment financing district for the purpose of funding affordable housing; and ; (4) in subsection (d)(4)(B)(viii)— (A) in subclause (I), by striking and at the end; (B) in subclause (II), by striking the period at the end and inserting ; and ; and (C) by adding at the end the following: (III) preserving existing affordable housing and preventing displacement of residents. ; and (5) in subsection (e), by adding at the end the following: (3) Joint report on affordable housing Not later than January 1, 2027, the Secretary and the Secretary of Housing and Urban Development shall submit to the Committee on Environment and Public Works of the Senate and the Committee on Transportation and Infrastructure of the House of Representatives a report that evaluates the program under this section, including— (A) for the recipients of capital construction grants, data on— (i) rent and homeownership costs during and after the award of a grant under this section; and (ii) demographic changes in the surrounding area after the award of a grant under this section; and (B) information about partnerships that recipients of grants under this section have entered into with affordable housing organizations, including community land trusts or other shared equity models, to preserve or develop affordable housing. .