LIFELINE Act

Hozzl · 2022-12-29T16:48:37Z

Explore the details of Senate Bill 4181 LIFELINE Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Housing and Community Development. Stay informed on legislative developments.

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.

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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

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 4181

Primary Policy Focus

Housing and Community Development

Potential 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

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.