Subject to section 4230 of this title and an applicable housing plan approved under section 4223 of this title, the Director shall have-
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.
25 U.S.C. § 4231
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.
- affordable housing
- The term "affordable housing" means housing that complies with the requirements for affordable housing under subchapter II. The term includes permanent housing for homeless persons who are persons with disabilities, transitional housing, and single room occupancy housing.