H.R. 7078 · 117th Congress
LIFELINE Act
- Stage
- In committee
- Sponsor
- Alma Adams
- Introduced
- 2022-03-15
- Latest action
- 2022-03-15 · Introduced in House
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.