; (B) credit unions (as defined in section 101 of the Federal Credit Union Act); (C) and local fair housing organizations; and (D) local land banks. (e) Geographical diversity In selecting eligible applicants to receive assistance under this section, the Secretary and the Director shall, to the extent practicable, consider the location of the eligible property to be purchased by the eligible applicant, including whether the eligible property is located in a rural or urban area, to ensure geographic diversity of such eligible properties. (f) Reports (1) Interim report Not later than 90 days after the date of the enactment of this section, the Secretary and the Director shall submit to Congress an interim report describing the type of assistance the Secretary and the Director shall provide under the program established under this section. (2) Final report Not later than 3 years after the date of the enactment of this section, the Secretary and the Director shall submit to Congress a final report that— (A) evaluates the impact of the program carried out under this section and describes any findings; (B) identifies other types of assistance the Secretary and the Director may offer; and (C) includes any recommendations the Secretary and Director may have for improving the program. (g) Definitions In this section: (1) Director The term Director means the Director of the Federal Housing Finance Agency. (2) Secretary The term Secretary means the Secretary of the Department of Housing and Urban Development. (3) Eligible property The term eligible property means a property that is designed as a dwelling for occupancy by 1 to 4 families— (A) that is safe and habitable, as defined by the Secretary and the Director; (B) for which, as determined by the Secretary and the Director, the occupancy of which will promote community revitalization