§ 4231. Types of investments
209 words·~1 min read·
/usc/title-25/section-4231A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(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.
(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.)
Connections2 cite this · traces to 2
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- Pub. L. 104–330, title VIII, § 812
- Pub. L. 106–568, title II, § 203
- 114 Stat. 2888
- Pub. L. 106–569, title V, § 513
- 114 Stat. 2982
- Pub. L. 106–568, § 203
- Pub. L. 106–569, § 513
- Pub. L. 104–330
- section 812 of Pub. L. 104–330
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§ 4231
Types of investments
Stat.×2
Pub. L.Pub. L. 104–330, title VIII, § 812
Pub. L.Pub. L. 106–568, title II, § 203
Stat.114 Stat. 2888
Pub. L.Pub. L. 106–569, title V, § 513
Stat.114 Stat. 2982
Cites 11 · showing 7Cited by 2 across 1 source