Lily Potter and the Invisibility Cloak is going to be the third book in The Next Generation and the Deathly Hallows series by Hermione524.
Lily Potter - Fifth year, Gryffindor
Hugo Weasley - Fifth year, Hufflepuff
Albus Potter - Seventh year, Slytherin
Laura Trelawney - Seventh year, Slytherin
Rose Weasley - Seventh year, Ravenclaw