of Housing and Urban Development and the Secretary of Agriculture with such data regarding the economic conditions of the area (before, during, and after the area’s period of designation as a Promise Zone) as such Secretary may require, and (3) the Secretary of Housing and Urban Development and the Secretary of Agriculture determine that any information furnished is reasonably accurate. (e) Application No area may be designated under this section unless the application for such designation— (1) demonstrates that the nominated area satisfies the eligibility criteria described in subsection (a), (2) includes a competitiveness plan which— (A) addresses the need of the nominated area to attract investment and jobs and improve educational opportunities, (B) leverages the nominated area’s economic strengths and outlines targeted investments to develop competitive advantages, (C) demonstrates collaboration across a wide range of stakeholders, (D) outlines a strategy which connects the nominated area to drivers of regional economic growth, and (E) proposes a strategy for focusing on increased access to high quality affordable housing and improved public safety. (f) Selection criteria From among the nominated areas eligible for designation under this section, the Secretary of Housing and Urban Development and the Secretary of Agriculture shall designate Promise Zones on the basis of— (1) the effectiveness of the competitiveness plan submitted under subsection (e) and the assurances made under subsection (d), and (2) unemployment rates, poverty rates, vacancy rates, crime rates, and such other factors as the Secretary of Housing and Urban Development and the Secretary of Agriculture may identify, including household income, home-ownership, labor force participation, and educational attainment, and (3) other criteria as determined by the Secretary of Housing and Urban Development and the Secretary of Agriculture. The Secretary of Housing and Urban Development and the Secretary of Agriculture may set minimal standards for