; and (2) a description of the difficulty the community has faced recruiting, retaining and growing its economy through Class 1 commercial investment. (d) Matching funds (1) In general The Administrator may not make a grant to a community under subsection (a) unless the community agrees that, with respect to the costs to be incurred by the community in carrying out the activities for which the grant is awarded, the community will make available non-Federal contributions in an amount equal to not less than 10 percent of the Federal funds provided under the grant. (2) Satisfying matching requirements The non-Federal contributions required under paragraph (1) may be— (A) in cash or in-kind, including services, fairly evaluated; and (B) from— (i) any private source; (ii) State or local governmental entity; or (iii) nonprofit source. (3) Waiver The Administrator may waive or reduce the non-Federal contribution required by paragraph (1) if the community involved demonstrates that the community cannot meet the contribution requirement due to financial hardship. (e) Limitations Amounts appropriated pursuant to the authorization of appropriations in section 814 for a fiscal year shall be allocated as follows: (1) No more than 5 percent of such funds shall go to administrative costs; (2) 70 percent of such funds shall go toward activities described in paragraphs (1) through (4) of subsection (a), after taking into account administrative costs under subparagraph (A)