‘‘(B) together with such investor partner, es-
tablish and submit to the Secretary a final plan 
that meets the requirements under section 904. 
‘‘(2) EXCEPTIONS.—The Secretary may extend 
the period under paragraph (1) for any tribe that— 
‘‘(A) has not received any satisfactory 
quotation in response to its request released pur-
suant to subsection (a)(2); or 
‘‘(B) has any other satisfactory reason, as 
determined by the Secretary, for failure to select 
an investor partner. 
‘‘SEC. 904. FINAL PLAN. 
‘‘A final plan under this section shall— 
‘‘(1) be developed by the participating tribe and 
the investor partner for the tribe selected pursuant to 
section 903(b)(1)(A); 
‘‘(2) identify the qualified entity that assisted the 
tribe in assessing the housing needs of the tribe; 
‘‘(3) set forth a detailed description of such pro-
jected housing needs, including affordable housing 
needs, of the tribe, which shall include— 
‘‘(A) a description of such need over the en-
suing 24 months and thereafter until the expira-
tion of the ensuing 5-year period or until the af-
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fordable housing need is met, whichever occurs 
sooner; and 
‘‘(B) the same information that would be 
required under section 102 to be included in an 
Indian housing plan for the tribe, as such re-
quirements may be modified by the Secretary to 
take consideration of the requirements of the 
demonstration program under this title; 
‘‘(4) provide for specific housing activities suffi-
cient to meet the tribe’s housing needs, including af-
fordable housing needs, as identified pursuant to 
paragraph (3) within the periods referred to such 
paragraph, which shall include— 
‘‘(A) development of affordable housing (as 
such term is defined in section 4 of this Act (25 
U.S.C. 4103)); 
‘‘(B) development of conventional homes for 
rental, lease-to-own, or sale, which may be com-
bined with affordable housing developed pursu-
ant to subparagraph (A); 
‘‘(C) development of housing infrastructure, 
including housing infrastructure sufficient to 
serve affordable housing developed under the 
plan; and 
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‘‘(D) investments by the investor partner for 
the tribe, the participating tribe, members of the 
participating tribe, and financial institutions 
and other outside investors necessary to provide 
financing for the development of housing under 
the plan and for mortgages for tribal members 
purchasing such housing; 
‘‘(5) provide that the participating tribe will 
agree to provide long-term leases to tribal members 
sufficient for lease-to-own arrangements for, and sale 
of, the housing developed pursuant to paragraph (4); 
‘‘(6) provide that the participating tribe— 
‘‘(A) will be liable for delinquencies under 
mortgage agreements for housing developed under 
the plan that are financed under the plan and 
entered into by tribal members; and 
‘‘(B) shall, upon foreclosure under such 
mortgages, take possession of such housing and 
have the responsibility for making such housing 
available to other tribal members; 
‘‘(7) provide for sufficient protections, in the de-
termination of the Secretary, to ensure that the tribe 
and the Federal Government are not liable for the 
acts of the investor partner or of any contractors; 
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‘‘(8) provide that the participating tribe shall 
have sole final approval of design and location of 
housing developed under the plan; 
‘‘(9) set forth specific deadlines and schedules for 
activities to be undertaken under the plan and set 
forth the responsibilities of the participating tribe 
and the investor partner; 
‘‘(10) set forth specific terms and conditions of 
return on investment by the investor partner and 
other investors under the plan, and provide that the 
participating tribe shall pledge grant amounts allo-
cated for the tribe pursuant to title III for such re-
turn on investment; 
‘‘(11) set forth the terms of a cooperative agree-
ment on the operation and management of the current 
assistance housing stock and current housing stock for 
the tribe assisted under the preceding titles of this 
Act; 
‘‘(12) set forth any plans for sale of affordable 
housing of the participating tribe under section 907 
and, if included, plans sufficient to meet the require-
ments of section 907 regarding meeting future afford-
able housing needs of the tribe; 
‘‘(13) set forth terms for enforcement of the plan, 
including an agreement regarding jurisdiction of any 
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actions under or to enforce the plan, including a 
waiver of immunity; and 
‘‘(14) include such other information as the par-
ticipating tribe and investor partner consider appro-
priate. 
‘‘SEC. 905. HUD REVIEW AND APPROVAL OF PLAN. 
‘‘(a) IN GENERAL.—Not later than the expiration of 
the 90-day period beginning upon a submission by an In-
dian tribe of a final plan under section 904 to the Sec-
retary, the Secretary shall— 
‘‘(1) review the plan and the process by which 
the tribe solicited requests for quotations from inves-
tors and selected the investor partner; and 
‘‘(2)(A) approve the plan, unless the Secretary 
determines that— 
‘‘(i) the assessment of the tribe’s housing 
needs by the qualified entity, or as set forth in 
the plan pursuant to section 904(3), is inac-
curate or insufficient; 
‘‘(ii) the process established by the tribe to 
solicit requests for quotations and select an in-
vestor partner was insufficient or negligent; or 
‘‘(iii) the plan is insufficient to meet the 
housing needs of the tribe, as identified in the 
plan pursuant to section 904(3); 
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‘‘(B) approve the plan, on the condition that the 
participating tribe and the investor make such revi-
sions to the plan as the Secretary may specify as ap-
propriate to meet the needs of the tribe for affordable 
housing; or 
‘‘(C) disapprove the plan, only if the Secretary 
determines that the plan fails to meet the minimal 
housing standards and requirements set forth in this 
Act and the Secretary notifies the tribe of the elements 
requiring the disapproval. 
‘‘(b) ACTION UPON DISAPPROVAL.— 
‘‘(1) RE-SUBMISSION OF PLAN.—Subject to para-
graph (2), in the case of any disapproval of a final 
plan of an Indian tribe pursuant to subsection (a)(3), 
the Secretary shall allow the tribe a period of 180 
days from notification to the tribe of such disapproval 
to re-submit a revised plan for approval. 
‘‘(2) LIMITATION.—If the final plan for an In-
dian tribe is disapproved twice and resubmitted twice 
pursuant to the authority under paragraph (1) and, 
upon such second re-submission of the plan the Sec-
retary disapproves the plan, the tribe may not re-sub-
mit the plan again and shall be ineligible to partici-
pate in the demonstration program under this title. 
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