Fair Housing Protection Act

Fair Housing Protection Act - Amends the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 2004 to revise the per-unit cost calculation for expiring tenant-based rental assistance contracts under section 8 of the United States Housing Act of 1937.

Directs the Secretary of Housing and Urban Development to develop a plan to end section 8 waiting lists.

States that if the Secretary withdraws amounts from the reserve account for any public housing agency, or takes any other action that reduces reserve accounts without agency approval, the Secretary shall: (1) notify the agency of such withdrawal or action; and (2) before the commencement of the quarter of the fiscal year first commencing after such withdrawal or action, replenish the reserve account with the full amount of such withdrawal or reduction. Prohibits a zero balance withdrawal by the Secretary without prior notice to, and written approval from, a public housing agency.

Amends the Housing and Community Development Act of 1987 to authorize additional appropriations for the fair housing initiatives program.