HR 7078
117th Congress
House
Housing and Community Development
Cardiovascular and respiratory health
Emergency medical services and trauma care
Government lending and loan guarantees
Housing and community development funding
Housing supply and affordability
Income tax credits
Infectious and parasitic diseases
Low- and moderate-income housing
State and local finance
State and local government operations
LIFELINE Act
Introduced: March 15, 2022
Introduced by:
Adams, Alma S.
Democratic
· North Carolina
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 15, 2022
Referred to the House Committee on Oversight and Reform.
Mar 15, 2022
Introduced in House
Plain-English 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.
What's happening now
Referred to the House Committee on Oversight and Reform.
Committees of jurisdiction
1