In general
section 4133 of this titleSubject to and the Indian housing plan for an Indian tribe, the recipient for that tribe shall have—
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
the right to establish the terms of assistance.
Investments
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.
Pub. L. 104–330, title II, § 204110 Stat. 4033(, , .)
Editorial Notes
References in Text
Pub. L. 104–330110 Stat. 4016section 4101 of this titleThis chapter, referred to in subsec. (a)(1), was in the original “this Act”, meaning , , , 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 and Tables.
Statutory Notes and Related Subsidiaries
Effective Date
section 107 of Pub. L. 104–330section 4101 of this titleSection effective , except as otherwise expressly provided, see , set out as a note under .