Keeping Housing Affordable in Forgotten Communities Act

The Keeping Housing Affordable in Forgotten Communities Act creates a pilot program to preserve affordable housing in communities historically divided by infrastructure like highways. It requires projects involving the removal or retrofitting of such infrastructure to include planning for long-term affordability through tools like community land trusts, shared equity programs, or housing cooperatives that maintain affordability for low- and moderate-income residents for at least 30 years. The program mandates preventing displacement and requires funding recipients to report on housing costs, demographic changes, and partnerships with affordable housing organizations. A joint report on the program’s effectiveness must be submitted to Congress by January 1, 2027.