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Current as of January 01, 2024 | Updated by Findlaw Staff
(a)In general
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)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.
Cite this article: FindLaw.com - 25 U.S.C. § 4134 - U.S. Code - Unannotated Title 25. Indians § 4134. Types of investments - last updated January 01, 2024 | https://codes.findlaw.com/us/title-25-indians/25-usc-sect-4134/
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