This bill amends the Infrastructure Investment and Jobs Act to integrate affordable housing considerations into the Reconnecting Communities Pilot Program, which provides federal grants to remove or retrofit infrastructure projects like highways that divide communities. The legislation requires project applicants to evaluate how their work affects affordable housing supply in the area and encourages the use of tools like community land trusts, shared equity homeownership programs, and rental housing preservation to maintain long-term affordability. It also mandates that housing planning activities be conducted before projects begin to prevent displacement of existing residents. By January 1, 2027, the Secretaries of Transportation and Housing and Urban Development must report to Congress on how grant recipients have protected or created affordable housing and what demographic changes occurred in project areas. Overall, the bill aims to ensure that federal infrastructure investments intended to help disconnected communities do not inadvertently accelerate housing costs or displacement.