This report from the Learning Policy Institute presents a policy proposal for a new, federally coordinated approach to magnet school development, conducted under the framework of the Fair Housing Act’s mandate to affirmatively further fair housing. The authors explain that magnet schools can be a tool for increasing community and school diversity and providing academic benefits to all students, but note that achieving these outcomes requires holistic thinking about civil rights and integration across multiple policy spheres. The authors affirm that, traditionally, K–12 school integration has remained the focus of magnet school development, but analysis suggests magnet schools present prime opportunities for neighborhood revitalization and stability as well. Schools and neighborhoods are inextricably linked, and state, local, and federal policies that reflect this reality will garner better results for both children and communities.