‘‘(8) Section 702 (relating to 99-year leasehold 
interests in trust or restricted lands for housing pur-
poses). 
‘‘SEC. 902. PARTICIPATING TRIBES. 
‘‘(a) REQUEST TO PARTICIPATE.—To be eligible to 
participate in the demonstration program under this title, 
an Indian tribe shall submit to the Secretary a notice of 
intention to participate during the 60-day period begin-
ning on the date of the enactment of this title, in such 
form and such manner as the Secretary shall provide. 
‘‘(b) COOPERATIVE AGREEMENT.—Upon approval 
under section 905 of the final plan of an Indian tribe for 
participation in the demonstration program under this 
title, the Secretary shall enter into a cooperative agree-
ment with the participating tribe that provides such tribe 
with the authority to carry out activities under the dem-
onstration program. 
‘‘SEC. 903. REQUEST FOR QUOTES AND SELECTION OF IN-
VESTOR PARTNER. 
‘‘(a) REQUEST FOR QUOTES.—Not later than the ex-
piration of the 180-day period beginning upon notification 
to the Secretary by an Indian tribe of intention to partici-
pate in the demonstration program under this title, the 
Indian tribe shall— 
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‘‘(1) obtain assistance from a qualified entity in 
assessing the housing needs, including the affordable 
housing needs, of the tribe; and 
‘‘(2) release a request for quotations from enti-
ties interested in partnering with the tribe in design-
ing and carrying out housing activities sufficient to 
meet the tribe’s housing needs as identified pursuant 
to paragraph (1). 
‘‘(b) SELECTION OF INVESTOR PARTNER.— 
‘‘(1) IN GENERAL.—Except as provided in para-
graph (2), not later than the expiration of the 18- 
month period beginning on the date of the enact-
ment of this title, an Indian tribe requesting to par-
ticipate in the demonstration program under this 
title shall— 
‘‘(A) select an investor partner from 
among the entities that have responded to the 
tribe’s request for quotations; and 
‘‘(B) together with such investor partner, 
establish 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— 
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‘‘(A) has not received any satisfactory 
quotation in response to its request released 
pursuant to subsection (a)(2); or 
‘‘(B) has any other satisfactory reason, as 
determined by the Secretary, for failure to se-
lect 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 
projected housing needs, including affordable hous-
ing needs, of the tribe, which shall include— 
‘‘(A) a description of such need over the 
ensuing 24 months and thereafter until the ex-
piration of the ensuing 5-year period or until 
the affordable 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 
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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 
combined with affordable housing developed 
pursuant to subparagraph (A); 
‘‘(C) development of housing infrastruc-
ture, including housing infrastructure sufficient 
to serve affordable housing developed under the 
plan; and 
‘‘(D) investments by the investor partner 
for the tribe, the participating tribe, members 
of the participating tribe, and financial institu-
tions and other outside investors necessary to 
provide financing for the development of hous-
ing under the plan and for mortgages for tribal 
members purchasing such housing; 
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‘‘(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 
determination 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 contrac-
tors; 
‘‘(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 
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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 
agreement on the operation and management of the 
current assistance housing stock and current hous-
ing 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 af-
fordable housing needs of the tribe; 
‘‘(13) set forth terms for enforcement of the 
plan, including an agreement regarding jurisdiction 
of any actions under or to enforce the plan, includ-
ing a waiver of immunity; and 
‘‘(14) include such other information as the 
participating tribe and investor partner consider ap-
propriate. 
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