---
kind: "section"
citation: "25 U.S.C. § 4231"
title: "25"
title_heading: "Indians"
number: "4231"
heading: "Types of investments"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/25/4231"
units:
  - "Chapter 43 — Native American Housing Assistance and Self-Determination"
  - "Subchapter VIII — Housing Assistance for Native Hawaiians"
---

# §4231. Types of investments

- (a) **In general—** Subject to [section 4230 of this title](/usc/25/4230.md) and an applicable [housing plan](/usc/25/4221.md?p=7) approved under [section 4223 of this title](/usc/25/4223.md), the [Director](/usc/25/4221.md?p=2) shall have—
  - (1) the discretion to use grant amounts for [affordable housing](/usc/25/4103.md?p=2) 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](/usc/25/4103.md?p=20) 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)](#a-1).
- (b) **Investments—** The [Director](/usc/25/4221.md?p=2) 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 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.)

## Notes

### Editorial Notes

### Codification

Pub. L. 106–568, § 203, and Pub. L. 106–569, § 513, enacted identical sections 812 of Pub. L. 104–330. This section is based on the text of section 812 of Pub. L. 104–330, as added by Pub. L. 106–569, § 513.