---
kind: "section"
citation: "25 U.S.C. § 4134"
title: "25"
title_heading: "Indians"
number: "4134"
heading: "Types of investments"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/25/4134"
units:
  - "Chapter 43 — Native American Housing Assistance and Self-Determination"
  - "Subchapter II — Affordable Housing Activities"
  - "Part A — General Block Grant Program"
---

# §4134. Types of investments

- (a) **In general—** Subject to [section 4133 of this title](/usc/25/4133.md) and the [Indian housing plan](/usc/25/4103.md?p=12) for an [Indian tribe](/usc/25/4103.md?p=13-A), the [recipient](/usc/25/4103.md?p=19) for that tribe shall have—
  - (1) the discretion to use grant amounts for [affordable housing](/usc/25/4103.md?p=2) 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](/usc/25/4103.md?p=20) 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](/usc/25/4103.md?p=19) may invest grant amounts for the purposes of carrying out [affordable housing](/usc/25/4103.md?p=2) activities in investment securities and other obligations as approved by the [Secretary](/usc/25/4103.md?p=20).

## Source credit

(Pub. L. 104–330, title II, § 204, Oct. 26, 1996, 110 Stat. 4033.)

## Notes

### Editorial Notes

### References in Text

This chapter, referred to in subsec. (a)(1), was in the original “this Act”, meaning Pub. L. 104–330, Oct. 26, 1996, 110 Stat. 4016, known as the Native American Housing Assistance and Self-Determination Act of 1996. For complete classification of this Act to the Code, see Short Title note set out under section 4101 of this title and Tables.

### Statutory Notes and Related Subsidiaries

### Effective Date

Section effective Oct. 1, 1997, except as otherwise expressly provided, see section 107 of Pub. L. 104–330, set out as a note under section 4101 of this title.