Suburban and Community Forestry and Open Space Program Act of 2007 - Amends the Cooperative Forestry Assistance Act of 1978 to establish in the Forest Service the Suburban and Community Forestry and Open Space Program, which shall provide cost-share grants to preserve private forest land, contain suburban sprawl, and support value-added forest product industries in states in which less than 25% of the land is owned by the United States. Directs the Secretary of Agriculture to authorize a requesting state to permit a qualifying organization to acquire one or more conservation easements to carry out the Forest Legacy Program in such state.
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