25 U.S.C. § 4134 — Types of investments

(a) In general Subject to section 4133 of this title and the Indian housing plan^* for an Indian tribe^*, the recipient for that tribe must 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.