; and (5) affected tenants are provided information about the proposal for use of the property, before submission of the proposal to the Secretary, and an opportunity to comment on such proposal, pursuant to processes and requirements that are substantially similar to the requirements for tenant notice and comment under section 18. . 204. Capital Fund flexibility Subsection (g) of section 9 of the United States Housing Act of 1937 ( 42 U.S.C. 1437g(g) ) is amended by striking paragraph (3). III Choice Neighborhoods Initiative 301. Short title This title may be cited as the Choice Neighborhoods Initiative Act of 2017 . 302. Grant authority The Secretary of Housing and Urban Development may make competitive grants to eligible entities that submit transformation plans for eligible neighborhoods that will further the purposes of this title in such neighborhoods. 303. Eligible entities (a) Primary applicants A grant under this title may be made only to a unit of local government, a public housing agency, or a nonprofit entity that owns a major housing project that is proposed to be assisted under a grant under this title, either as a sole applicant or as a co-applicant with another unit of local government or public housing agency or with an entity specified in subsection (b). A nonprofit entity may be a sole applicant only if the application has the support of a local government. (b) Co-Applicants (1) Community development corporations A community development corporation (as such term is defined in section 204(b) of the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1997 (12 U.S.C. 1715z–11a(b))) may, at the request of an entity specified in subsection (a), be a co-applicant for a grant under this title. (2) For-profit entities A for-profit entity that owns a major housing project that is proposed to be assisted under a grant under this title made in fiscal year 2018 or thereafter and that has an established presence in the community may be a