to be purchased by the eligible applicant, including whether the eligible property is located in a rural or urban area, to ensure geographic diversity of such eligible properties. (e) Reports (1) Interim report Not later than 90 days after the date of the enactment of this Act, the Secretary and the Director shall submit to Congress an interim report describing the type of assistance the Secretary and the Director shall provide under the program established under this Act. (2) Final report Not later than 3 years after the date of the enactment of this Act, the Secretary and the Director shall submit to Congress a final report evaluating the impact of the program carried out under this Act and describing other types of assistance the Secretary and the Director may offer. (f) Definitions In this Act: (1) Director The term Director means the Director of the Federal Housing Finance Agency. (2) Secretary The term Secretary means the Secretary of the Department of Housing and Urban Development. (3) Eligible property The term eligible property means a property that is designed as a dwelling for occupancy by 1 to 4 families— (A) that is safe and habitable, as defined by the Secretary and the Director