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LIFELINE Act
12/29/2022, 4:48 PM
Congressional Summary of S 4181
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.
Read the Full Bill
Current Status of Bill S 4181
Bill S 4181 is currently in the status of Bill Introduced since May 11, 2022. Bill S 4181 was introduced during Congress 117 and was introduced to the Senate on May 11, 2022. Bill S 4181's most recent activity was Read twice and referred to the Committee on Finance. as of May 11, 2022
Bipartisan Support of Bill S 4181
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
12Democrat Cosponsors
9Republican Cosponsors
1Unaffiliated Cosponsors
2Policy Area and Potential Impact of Bill S 4181
Primary Policy Focus
Housing and Community DevelopmentPotential Impact Areas
- 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
Alternate Title(s) of Bill S 4181
LIFELINE Act
LIFELINE Act
LIHTC Financing Enabling Long-term Investment in Neighborhood Excellence Act
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.
Comments
Sponsors and Cosponsors of S 4181
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