; (B) an explanation of the mitigation and resiliency benefits the entity intends to achieve by— (i) reducing future damage and loss associated with hazards; (ii) reducing the number of severe repetitive loss structures and repetitive loss structures in the entity; (iii) decreasing the number of insurance claims in the entity from injuries resulting from major disasters or other hazards; and (iv) increasing the rating under the community rating system under section 1315(b) of the Housing and Urban Development Act of 1968 ( 42 U.S.C. 4022(b) ) for communities in the entity; (C) information on the availability of, and application process for, financial assistance from the entity loan fund of such entity; (D) the criteria and methods established for the distribution of funds; (E) the amount of financial assistance that the entity anticipates apportioning; (F) the expected terms of the assistance provided from the entity loan fund; and (G) a description of the financial status of the entity loan fund, including short-term and long-term goals for the fund. (h) Audits, reports, publications, and oversight (1) Biennial entity audit and report Beginning not later than the last day of the second fiscal year after the receipt of payments under this section, and biennially thereafter, any participating entity shall— (A) conduct an audit of such fund established under subsection (b); and (B) provide to the Administrator a report including— (i) the result of any such audit; and (ii) a review of the effectiveness of the entity loan fund of the entity with respect to meeting the goals and intended benefits described in the intended use plan submitted by the entity under subsection (f). (2) Publication A participating entity shall publish and periodically update information about all projects receiving funding from the entity loan fund of such entity, including— (A) the location of the project; (B) the type and amount of assistance provided from the entity loan fund; (C) the expected funding schedule