(a) An Indian authority may do anything necessary or convenient to participate in any State or federal program of low and moderate income housing assistance and community development, including:
(1) entering into and performing a contract or agreement with the State, the United States, or a unit of the federal government;
(2) developing or operating a housing project if approval by ordinance or resolution is obtained from the governing body and chief elected official of the political subdivision where the housing project is located; and
(3) acting as a public housing agency within the meaning of federal law and as an authority within the meaning of State law.
(b) The Department of Housing and Community Development or an authority, acting as a local public agency or public housing agency, may do anything necessary or convenient on behalf of Native American Indians or an Indian tribe in the State.