§4231 — Title 25 Indians | U.S. Code

Summary

Subject to section 4230 and an applicable housing plan approved under section 4223, the Director may use grant money for affordable housing in different ways, like equity investments, loans with or without interest, interest subsidies, bringing in private investment, or other assistance the Secretary approves, and the Director may set the terms. The Director may also invest grant funds in securities or other approved obligations if the Secretary agrees.

Title 25, §4231

Indians — Source: USLM XML via OLRC

(a)Subject to section 4230 of this title and an applicable housing plan approved under section 4223 of this title, the Director shall have—

(1)the discretion to use grant amounts for affordable housing activities through the use of—

(A)equity investments;

(B)interest-bearing loans or advances;

(C)noninterest-bearing loans or advances;

(D)interest subsidies;

(E)the leveraging of private investments; or

(F)any other form of assistance that the Secretary determines to be consistent with the purposes of this subchapter; and

(2)the right to establish the terms of assistance provided with funds referred to in paragraph (1).

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

Editorial Notes

Codification Pub. L. 106–568, § 203, and Pub. L. 106–569, § 513, enacted identical section 812 of Pub. L. 104–330. This section is based on the text of section 812 of Pub. L. 104–330, as added by Pub. L. 106–569, § 513.

§4231 Types of Investments

Summary

Title 25, §4231

Notes & Related Subsidiaries

Editorial Notes

Citations & Metadata