U.S. Treasury Department Updates Guidance to Include Provisions in Lifeline Act

Posted By: Michelle Manns Industry News,

Rep. Alma Adams recently announced that as a result of her bipartisan, bicameral LIFELINE Act (H.R. 7078 | S. 4181) with Rep. David Rouzer (R-NC) and Sens. Leahy (D-VT) and Collins (R-ME), The U.S. Department of Treasury has fully adopted the provisions of H.R. 7078 (LIFELINE Act) in its revised guidance. This action will release an additional $8 billion for affordable housing from the American Rescue Plan Act’s State and Local Fiscal Recovery Fund…Read more.