NCSHA/NAHB-Hosted Congressional Briefing on LIFELINE Act
NCSHA partnered with the National Association of Home Builders to host a June 6, 2022, virtual briefing for congressional staff on the LIFELINE Act (LIHTC Financing Enabling Long-term Investment in Neighborhood Excellence Act; S. 4181/H.R. 7078), which would allow states and local governments to loan Coronavirus State and Local Fiscal Recovery Funds to Housing Credit developments. Senators Patrick Leahy (D-VT) and Susan Collins (R-ME) and Representatives Alma Adams (D-NC) and David Rouzer (R-NC) introduced this legislation in response to the challenges Housing Credit developers are facing with escalating construction costs causing financing gaps that threaten the feasibility of many projects. The briefing featured state HFA leaders and Housing Credit developers presenting to congressional staff on why it is so critical that Congress pass the LIFELINE Act. The recording and transcript are available below.
