H.R.7078: LIFELINE Act

About This Bill

  • This bill was introduced in the 117th Congress
  • This bill is primarily about taxation
  • Introduced March 15, 2022
  • Latest Major Action March 15, 2022

Bill Sponsor

Bill Version

Bill 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.

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 4 statements associated with H.R.7078.

Bill Actions

Date Description
March 15, 2022
Referred to the House Committee on Oversight and Reform.
March 15, 2022

Introduced in the House by Alma Adams (D-N.C.)

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