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[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 3350 Introduced in Senate (IS)]
<DOC>
118th CONGRESS
1st Session
S. 3350
To amend the Infrastructure Investment and Jobs Act to ensure
consideration of affordable housing in the reconnecting communities
pilot program, and for other purposes.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
November 28, 2023
Mr. Fetterman introduced the following bill; which was read twice and
referred to the Committee on Environment and Public Works
_______________________________________________________________________
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.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Keeping Housing Affordable in
Forgotten Communities Act''.
SEC. 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 create
or preserve long-term affordable housing units around
the existing eligible facility'' after ``facility'';
and
(B) in paragraph (3), by inserting ``and to enable
the creation or preservation 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 removal, retrofit,
or mitigation of the eligible facility on the
supply of affordable rental and owner-occupied
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 remove, retrofit, or mitigate
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 new or existing--
``(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 use or
purchase of property around the existing
eligible facility by a community land trust,
nonprofit organization or developer,
municipality, or land bank 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.''.
<all>
Introduced in Senate
Read twice and referred to the Committee on Environment and Public Works.
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