Infrastructure Funds Must Now Protect and Create Affordable Housing.
This bill amends a federal program funding the removal or modification of large transportation facilities to ensure these projects do not cause housing prices to rise and displace current residents. It mandates that grant recipients must plan for the preservation or creation of long-term affordable housing (for at least 30 years) in areas affected by infrastructure investments. This links infrastructure improvement directly to housing stability for low- and moderate-income individuals.
Key points
Federal infrastructure funds must now include plans to preserve existing affordable housing and prevent the displacement of residents.
Grant money can be used to create new, long-term affordable housing units (e.g., through community land trusts or shared equity programs) around the modified transportation facilities.
The impact of the project on the supply of affordable housing becomes a mandatory criterion for evaluating grant applications.
Expired
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