LIFELINE Act

United States117th CongressS-4181Senate
Latest legislative activity: May 11, 2022

Summary

Official Summary

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.

Bill texts

Available versions
Introduced (Senate)View official text

1 version available

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Timeline

Latest companion bill action

HR-7078: LIFELINE Act

Referred to the House Committee on Oversight and Reform.

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Finance.

    Senate

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