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LIHTC Financing: Long-term Loans for Low-Income Housing Projects

This act allows state, local, and tribal governments to use State and Local Fiscal Recovery Funds to provide loans with maturities of 30 years or more for qualified low-income housing tax credit projects. Funds repaid from these loans must be used to finance affordable housing.
Key points
State, local, and tribal governments can provide loans for qualified low-income housing projects using Fiscal Recovery Funds.
These loans must have maturities of 30 years or more.
Repaid funds must be used to finance affordable housing.
Obligation deadline is December 31, 2024, and expenditure deadline is December 31, 2026.
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Expired
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Additional Information
Print number: 117_HR_7078
Sponsor: Rep. Adams, Alma S. [D-NC-12]
Process start date: 2022-03-15
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Summarized by: gemini-3-pro-preview
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

LIFELINE Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_7078.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-03-15.

What are the main provisions?

Key points include:

  • State, local, and tribal governments can provide loans for qualified low-income housing projects using Fiscal Recovery Funds.
  • These loans must have maturities of 30 years or more.
  • Repaid funds must be used to finance affordable housing.
  • Obligation deadline is December 31, 2024, and expenditure deadline is December 31, 2026.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Adams, Alma S. [D-NC-12].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Oversight and Reform.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

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