; (II) local businesses primarily owned by individuals who are members of historically underserved populations; and (III) non-profit organizations which serve historically underserved communities, including communities of color. (4) Essential community facility The term essential community facility means a facility that provides an essential service to the local community for the beneficial and orderly development of the community, including— (A) a facility that provides health services; and (B) a facility that provides community, social, or cultural services. (b) Establishment The Secretary may make or guarantee loans under this section to eligible borrowers for eligible projects. (c) Application An eligible applicant may submit to the Secretary an application for a loan or loan guarantee under this section— (1) to fund an eligible project carried out by the eligible applicant; or (2) on behalf of an eligible borrower, to fund an eligible project carried out by the eligible borrower. (d) Minimum project costs An eligible project shall have project costs that are reasonably anticipated to equal or exceed $2,500,000. (e) Maximum amount of loan Federal assistance provided for a project under this section may not exceed 75 percent of total project costs. The Secretary may increase the maximum amount of a secured loan from the amount described in the preceding sentence if the secured loan is for an eligible project for residential or mixed-use development for which— (1) not more than 30 percent of the total square footage is used for commercial development; or (2) (A) not more than 50 percent of the total square footage is used for commercial development; and (B) not less than 50 percent of the square footage described in subparagraph (A) is reserved for essential community facilities. (f) Eligible sources of repayment A loan made or guaranteed under this section shall be repayable, in whole or in part, from dedicated revenue sources, which may include— (1) user fees; (2) property tax revenues; (3) sales tax revenues