S. 4181 117th Congress Senate

LIFELINE Act

Official title: A bill to amend title VI of the Social Security Act to allow coronavirus State and local fiscal recovery funds to be used for low-income housing credit projects.

Introduced: May 11, 2022 See on congress.gov

Housing and Community Development Cardiovascular and respiratory healthCongressional oversightEmergency medical services and trauma careGovernment lending and loan guarantees

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Housing 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

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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Latest action May 11, 2022

Read twice and referred to the Committee on Finance.

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.

Related & companion bills 1

Bill text 1 version