25 USC § 4231 - Types of investments

---
identifier: "/us/usc/t25/s4231"
source: "usc"
legal_status: "official_prima_facie"
title: "25 USC § 4231 - Types of investments"
title_number: 25
title_name: "INDIANS"
section_number: "4231"
section_name: "Types of investments"
chapter_number: 43
chapter_name: "NATIVE AMERICAN HOUSING ASSISTANCE AND SELF-DETERMINATION"
subchapter_number: "VIII"
subchapter_name: "HOUSING ASSISTANCE FOR NATIVE HAWAIIANS"
positive_law: false
currency: "119-84"
last_updated: "2025-07-14"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(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.)"
---


# § 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** 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.

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**Source Credit**: (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.)

## Editorial Notes

### Codification

, and , enacted identical sections 812 of . This section is based on the text of , as added by .