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- H.R.7078
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 Cosponsors
44 (39 Democrats, 5 Republicans)
Bill Version
- Introduced in House - March 15, 2022
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
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.) |