Administrative Requirements for Investing Indian Housing Block Grant (IHBG) Funds
Active — no superseding, extending, or expiring guidance found in our tracking.
We track lifecycle status automatically from primary sources; we do not certify it. Verify against the primary source before acting.
Summary
AI summary — grounded in the notice text
This HUD notice sets administrative requirements for Tribes and TDHEs that wish to invest Indian Housing Block Grant (IHBG) funds under NAHASDA Section 204(b). It explains eligibility criteria, eligible investment types, documentation for approval, the five-year maturity limit, reporting obligations, and procedures for suspension or revocation of investment authority. This matters because it tells recipients how to obtain and maintain HUD approval to invest grant funds and how program income from investments must be handled.
Key Quotes
Verbatim from the notice
“The regulations at 24 CFR 1000.58(g) stipulate that the investment period be no longer than five years.”
Verbatim from the notice
“Investments may be held for a period of no longer than five years.”
Key Dates
- Published
- Jan 16, 2025
Compliance deadlines
- Jan 16, 2025Notice issued establishing administrative requirements for investing IHBG funds