; (B) a unit of local government; (C) a corporation, partnership, or joint venture; (D) a regional planning agency; (E) a tribal government; or (F) a transit agency. (2) Eligible borrower The term eligible borrower means— (A) a governmental entity, authority, agency, or instrumentality; (B) a corporation, partnership, joint venture, or trust on behalf of which an eligible applicant has submitted an application under subsection (c); or (C) any other legal entity undertaking an eligible project on behalf of which an eligible applicant has submitted an application under subsection (c). (3) Eligible project The term eligible project means an eligible equitable transit-oriented development or mobility project, including— (A) property enhancement, including conducting environmental remediation, park development, and open space acquisition; (B) improvement of mobility and parking, including rehabilitating, or providing for additional, streets, transit stations, structured parking, walkways, and bikeways; (C) utility development, including rehabilitating existing, or providing for new drinking water, wastewater, electric, and gas utilities; (D) economic development, including commercial and residential development, located in a priority investment area; or (E) commercial and residential projects that includes— (i) a project for residential or mixed-use development in which— (I) not less than 30 percent of the residential units in the project are, or in the case of new construction, are designated to be, rent-restricted; and (II) the average of the designated income limitations under clause (ii) of all rent-restricted units does not exceed 80 percent of the median gross income in the area; and (ii) a project for mixed-use development for— (I) affordable commercial space dedicated to local businesses owned by women or people of color; (II) local businesses primarily owned by individuals who are members of historically underserved populations