LIFELINE Act
USA117th CongressS-4181| Senate
| Updated: 5/11/2022
Patrick J. Leahy
Democratic Senator
Vermont
Cosponsors (12)
Margaret Wood Hassan (Democratic)Catherine Cortez Masto (Democratic)Jack Reed (Democratic)Alex Padilla (Democratic)Angus S. King (Independent)Sheldon Whitehouse (Democratic)Chris Van Hollen (Democratic)Jon Tester (Democratic)Michael F. Bennet (Democratic)Bernard Sanders (Independent)Susan M. Collins (Republican)Ron Wyden (Democratic)
Finance Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
LIHTC Financing Enabling Long-term Investment in Neighborhood Excellence Act or the LIFELINE Act This bill permits states, territories, or tribal governments to use State and Local Fiscal Recovery Funds to finance qualified low-income housing projects (i.e., projects for residential rental property meeting certain income tests) with loans obligated by December 31, 2024, and having maturities of 30 or more years.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Housing and Community Development
Cardiovascular and respiratory healthCongressional oversightEmergency medical services and trauma careGovernment lending and loan guaranteesHousing and community development fundingHousing supply and affordabilityIncome tax creditsInfectious and parasitic diseasesLow- and moderate-income housingResidential rehabilitation and home repairState and local financeState and local government operations
LIFELINE Act
USA117th CongressS-4181| Senate
| Updated: 5/11/2022
LIHTC Financing Enabling Long-term Investment in Neighborhood Excellence Act or the LIFELINE Act This bill permits states, territories, or tribal governments to use State and Local Fiscal Recovery Funds to finance qualified low-income housing projects (i.e., projects for residential rental property meeting certain income tests) with loans obligated by December 31, 2024, and having maturities of 30 or more years.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Patrick J. Leahy
Democratic Senator
Vermont
Cosponsors (12)
Margaret Wood Hassan (Democratic)Catherine Cortez Masto (Democratic)Jack Reed (Democratic)Alex Padilla (Democratic)Angus S. King (Independent)Sheldon Whitehouse (Democratic)Chris Van Hollen (Democratic)Jon Tester (Democratic)Michael F. Bennet (Democratic)Bernard Sanders (Independent)Susan M. Collins (Republican)Ron Wyden (Democratic)
Finance Committee
Housing and Community Development
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Cardiovascular and respiratory healthCongressional oversightEmergency medical services and trauma careGovernment lending and loan guaranteesHousing and community development fundingHousing supply and affordabilityIncome tax creditsInfectious and parasitic diseasesLow- and moderate-income housingResidential rehabilitation and home repairState and local financeState and local government operations