of faculty and students of an institution described in section 371(a) of the Higher Education Act of 1965. (ii) The extent of the expected effect on the health or economic outcomes of individuals residing in areas within the United States that are low-income areas or areas populated disproportionately by racial or ethnic minorities. (iii) The creation or significant expansion of qualified environmental justice programs. (2) Limitations (A) In general The amount of the credit determined under this section for any taxable year to any eligible educational institution for any qualified environmental justice program shall not exceed the excess of— (i) the credit dollar amount allocated to such institution for such program under this subsection, over (ii) the credits previously claimed by such institution for such program under this section. (B) Five-year limitation No amounts paid or incurred after the 5-year period beginning on the date a credit dollar amount is allocated to an eligible educational institution for a qualified environmental justice program shall be taken into account under subsection (a) with respect to such institution for such program. (C) Allocation limitation The total amount of credits that may be allocated under the program shall not exceed— (i) $1,000,000,000 for each of 2021, 2022, 2023, 2024, and 2025, and (ii) $0 for each subsequent year. (f) Requirements (1) In general An eligible educational institution that has been allocated credit dollar amounts under this section for a qualified environmental justice project for a taxable year shall— (A) make publicly available the application submitted to the Secretary under subsection (e) with respect to such project, and (B) submit an annual report to the Secretary that describes the amounts paid or incurred for, and expected impact of, such project. (2) Failure to comply In the case of an eligible educations institution that has failed to comply with the requirements of this subsection, the credit dollar amount allocated to such institution under