S 4181 117th Congress Senate Housing and Community Development Cardiovascular and respiratory health Congressional oversight 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 Residential rehabilitation and home repair State and local finance State and local government operations

LIFELINE Act

Introduced: May 11, 2022 See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

May 11, 2022

Read twice and referred to the Committee on Finance.

May 11, 2022

Introduced in Senate

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Plain-English summary Congressional Research Service

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 May 11, 2022

Read twice and referred to the Committee on Finance.

Related & companion bills 1

Bill text 1 version