the population of the rural areas in that State and the population of the rural areas of all States;

the extent of poverty in the rural areas in that State and the extent of poverty in the rural areas of all States; and

the extent of substandard housing in the rural areas of that State and the extent of substandard housing in the rural areas of all States.

to which the repair, rehabilitation, and replacement activities will assist persons of low income who lack adequate shelter, with priority given to applications assisting the maximum number of persons and families whose incomes do not exceed 50 per centum of the area median income;

to which the repair, rehabilitation, and replacement activities include the participation of other public or private organizations in providing assistance, in addition to the assistance provided under this section, in order to lower the costs of such activities or provide for the leveraging of available funds to supplement the rural housing preservation grant program;

to which such activities will be undertaken in rural areas having populations below 10,000 or in remote parts of other rural areas;

to which the repair, rehabilitation, and replacement activities may be expected to result in achieving the greatest degree of repair or improvement for the least cost per unit or dwelling;

to which the program would minimize displacement;

to which the program would alleviate overcrowding in rural residences inhabited by low- and very low-income persons and families;

to which the program would minimize the use of grant funds for administrative purposes; and

to which the owner agrees to meet the requirement of subsection (e)(1)(B)(iv) for a period longer than 5 years;

the existing housing is in such poor condition that rehabilitation is not economically feasible;

the owner of the housing lacks the income or repayment ability necessary to qualify for a loan under section 1472 of this title; and

the grantee will extend assistance to the owner of the housing under terms that the owner can afford.

the owner has entered into such agreements with the Secretary as may be necessary to assure compliance with the requirements of this section, to assure the financial feasibility of such housing, and to carry out the other provisions of this section;

the unit of general local government or nonprofit organization that receives the assistance certifies to the satisfaction of the Secretary that the assistance will be made available in conformity with Public Law 88–352 [42 U.S.C. 2000a et seq.] and Public Law 90–284;

the owner agrees to enter into and abide by written leases with the tenants, which leases shall provide that tenants may be evicted only for good cause; and

the unit of general local government or nonprofit organization will agree to supervise repairs and rehabilitation and will agree to have a disinterested party inspect such repairs and rehabilitation.

The Secretary shall provide that if the owner or his or her successors in interest fail to carry out the agreements described in subparagraphs (A) and (B) of paragraph (1) during the applicable period, the owner or his or her successors in interest shall make a payment to the Secretary of an amount that equals the total amount of assistance provided under this section with respect to such housing, plus interest thereon (without compounding), for each year and any fraction thereof that the assistance was outstanding, at a rate determined by the Secretary taking into account the average yield on outstanding marketable long-term obligations of the United States during the month preceding the date on which the assistance was made available.

Notwithstanding any other provision of law, any assistance provided under this section shall constitute a debt, which is payable in the case of any failure to carry out the agreements described in subparagraphs (A), (B), and (C) of paragraph (1), and shall be secured by the security instruments provided by the owner to the Secretary.