25 U.S.C. § 4231 | Types of investments

(a)

In general

section 4230 of this title section 4223 of this titleSubject to and an applicable housing plan approved under , 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)

Investments

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.

Pub. L. 104–330, title VIII, § 812 Pub. L. 106–568, title II, § 203Dec. 27, 2000114 Stat. 2888 Pub. L. 106–569, title V, § 513Dec. 27, 2000114 Stat. 2982(, as added , , , and , , .)

Editorial Notes

Codification

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