LIFELINE Act
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.
Bill status
in committee
1 of 4 stages cleared
Introduction
May 2022
Committee Review
Floor Vote
President
Introduced May 11, 2022
Last action May 11, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
May 11, 2022
Committee
Read twice and referred to the Committee on Finance.
upper
May 11, 2022
Introduced
Introduced in Senate
upper
1 primary · 12 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Patrick J. Leahy
DDemocratic
Co
Alex Padilla
DDemocratic
Co
Angus S. King, Jr.
IIndependent
Co
Bernard Sanders
IIndependent
Co
Catherine Cortez Masto
DDemocratic
Co
Chris Van Hollen
DDemocratic
Co
Jack Reed
DDemocratic
Co
Jon Tester
DDemocratic
Co
Margaret Wood Hassan
DDemocratic
Co
Michael F. Bennet
DDemocratic
Co
Ron Wyden
DDemocratic
Ask Maddy
·
AI policy assistant
Ask Maddy about S 4181
Scope: US
Hi! I can help you understand S 4181. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline