Neighborhood Transformation Act: New Affordable Housing and Community Investment
This law establishes a grant program to transform severely distressed, high-poverty neighborhoods into sustainable, mixed-income communities. Residents will benefit from the replacement or rehabilitation of dilapidated housing with affordable units, coupled with significant investments in local services, education, public transportation, and job opportunities. A core protection ensures that displaced residents have the right to return and that every demolished unit is replaced one-for-one.
Key points
One-for-One Replacement: Every public or assisted housing unit demolished must be replaced with a new, affordable unit.
Right to Return: Residents displaced during redevelopment are guaranteed the right to return to the revitalized or replacement housing.
Relocation Support: Comprehensive assistance is provided for displaced families, including rental vouchers, counseling, and coverage of moving expenses.
Community Investment: Funds support critical community improvements, including better access to jobs, education, supportive services, and public transportation.
Status:
Introduced
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