; (B) in subparagraph (A)— (i) by striking financial ; and (ii) by striking subsection (e) and inserting subsections (c)(1)(B), (c)(4), and (e) if the President and the State or Tribal government comply, as determined by the Administrator, with paragraph (3) ; and (C) in subparagraph (B)— (i) by striking financial ; and (ii) by striking subsection (e) and inserting subsections (c)(1)(B), (c)(4), and (e) ; and (2) by adding at the end the following: (3) Requirements (A) Application A State or Tribal government desiring to provide assistance under subsection (c)(1)(B), (c)(4), or (e) shall submit to the President an application for a grant to provide financial assistance under the program. (B) Criteria The President, in consultation and coordination with State, Tribal, and local governments, shall establish criteria for the approval of applications submitted under subparagraph (A). The criteria shall include, at a minimum— (i) a requirement that the State or Tribal government submit a housing strategy under subparagraph (C); (ii) the demonstrated ability of the State or Tribal government to manage the program under this section; (iii) there being in effect a plan approved by the President as to how the State or Tribal government will comply with applicable Federal laws and regulations and how the State or Tribal government will provide assistance under its plan; (iv) a requirement that the State, Tribal, or local government comply with rules and regulations established pursuant to subsection (j)