§4134 — Title 25 Indians | U.S. Code

Summary

Under section 4133 and the tribe’s housing plan, a tribe that gets a grant can use the money for affordable housing in many ways, like equity investments, loans with or without interest, interest subsidies, or to attract private investment. The tribe can set the terms. Grant money can also be invested in securities and other obligations approved by the Secretary.

Title 25, §4134

Indians — Source: USLM XML via OLRC

(a)Subject to section 4133 of this title and the Indian housing plan for an Indian tribe, the recipient for that tribe shall have—

(1)the discretion to use grant amounts for affordable housing activities through equity investments, interest-bearing loans or advances, noninterest-bearing loans or advances, interest subsidies, leveraging of private investments, or any other form of assistance that the Secretary has determined to be consistent with the purposes of this chapter; and

(2)the right to establish the terms of assistance.

(b)A recipient may invest grant amounts for the purposes of carrying out affordable housing activities in investment securities and other obligations as approved by the Secretary.

Notes & Related Subsidiaries

Editorial Notes

References in Text

This chapter, referred to in subsec. (a)(1), was in the original “this Act”, meaning Pub. L. 104–330, Oct. 26, 1996, 110 Stat. 4016, known as the Native American Housing Assistance and Self-Determination Act of 1996. For complete classification of this Act to the Code, see

Short Title

note set out under section 4101 of this title and Tables.

Statutory Notes and Related Subsidiaries

Effective Date

Section effective Oct. 1, 1997, except as otherwise expressly provided, see section 107 of Pub. L. 104–330, set out as a note under section 4101 of this title.

§4134 Types of Investments