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Affordable Housing: Support for Communities and Preventing Displacement

This act aims to facilitate the creation and maintenance of affordable housing for low- and moderate-income individuals, especially in communities affected by large infrastructure projects. Government programs will now need to consider the impact on housing availability, which can help prevent price increases and resident displacement. Citizens may gain greater housing stability and access to more affordable purchase or rental options.
Key points
Introduces the definition of a "community land trust" as a non-profit entity providing long-term affordable housing for low- and moderate-income persons.
Requires infrastructure programs to consider the creation or preservation of long-term affordable housing units around existing facilities.
Mandates reporting on the impact of infrastructure projects on the supply of affordable housing and demographic changes in the surrounding area.
Supports planning activities to preserve affordable housing, including through community land trusts, housing cooperatives, and other shared equity models.
Requires a joint report on the program and its impact on housing costs and demographic changes by January 1, 2027.
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Additional Information
Print number: 118_HR_6648
Sponsor: Rep. Thanedar, Shri [D-MI-13]
Process start date: 2023-12-06