; (2) by redesignating paragraph (3) as paragraph (4); (3) by inserting after paragraph (2) the following new paragraph: (3) Allocation of limitation for calendar years after 2016 (A) In general In the case of any calendar year described in paragraph (1)(G) beginning after December 31, 2016, the limitation under paragraph (1) shall be increased by $500,000,000, and such increase shall be allocated as provided in paragraph (2) among qualified community development entities located in community economic assistance areas. (B) Community economic assistance area For purposes of subparagraph (A), the term community economic assistance area means an area which— (i) is a community economic assistance zone, and (ii) has a community economic development plan approved under section 6 of the Community Economic Assistance Act of 2017 . (C) Use of increase Any amount of such increase which is so allocated to such an entity shall be used only in accordance with the priorities outlined in such community economic development plan to implement the strategies and objectives under such plan described in section 6(3) of Community Economic Assistance Act of 2017 . ; (4) by striking paragraph (2) in paragraph (4), as so redesignated, and inserting paragraph (2) or (3)