25 USC 4231 - Types of investments

U.S Code last checked for updates: May 02, 2024

§ 4231.

Types of investments

(a)

In general

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)

Investments

(Pub. L. 104–330, title VIII, § 812, as added Pub. L. 106–568, title II, § 203, Dec. 27, 2000, 114 Stat. 2888, and Pub. L. 106–569, title V, § 513, Dec. 27, 2000, 114 Stat. 2982.)

cite as: 25 USC 4231