is eligible to participate in a program under title IV of such Act. (d) Applicable percentage For purposes of this section, the term applicable percentage means— (1) in the case of a program involving material participation of faculty and students of an institution described in section 371(a) of the Higher Education Act of 1965, 30 percent , and (2) in all other cases, 20 percent. (e) Credit allocation (1) Allocation (A) In general The Secretary shall allocate credit dollar amounts under this section to eligible educational institutions, for qualified environmental justice programs, that— (i) submit applications at such time and in such manner as the Secretary may provide, and (ii) are selected by the Secretary under subparagraph (B). (B) Selection criteria The Secretary, after consultation with the Secretary of Energy, the Secretary of Education, the Secretary of Health and Human Services, and the Administrator of the Environmental Protection Agency, shall select applications on the basis of the following criteria: (i) The extent of participation 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