; and (B) providing loans to community investment institutions— (i) that are interest-free loans; (ii) that have a loan term of 5 years; and (iii) with respect to which no loan payment is required until at least the end of the 6-month period beginning on the date the loan is made, or such longer term as the Secretary may determine appropriate. (2) Application date The Secretary shall begin accepting applications for capital investments and loans under the Program not later than the end of the 10-day period beginning on the date of enactment of this subsection. (3) Dividend rate Any preferred stock or other financial instrument issued to the Secretary in exchange for a capital investment under the Program shall carry a dividend or interest rate that does not exceed 1 percent. (4) Restrictions The restrictions described under subsection (c)(3)(A)(ii) shall apply to capital investments and loans made under this subsection. (5) Available amounts In carrying out the Program, the Secretary shall use amounts made available under subsection (b), notwithstanding the limitations on the use of such funds under paragraphs (1) through (4) of such subsection (b). (6) MDI set-aside At least $3,000,000,000 of the direct capital investments and loans made by the Secretary under the Program shall be made to minority depository institutions. (7) Treatment of capital investments In making any capital investment under the Program, the Secretary shall ensure that the terms of the investment are designed to ensure the investment receives Tier 1 capital treatment. (8) Definitions In this subsection: (A) Community investment institution The term community investment institution means— (i) a community development financial institution, as defined under section 103 of the Riegle Community Development and Regulatory Improvement Act of 1994 ( 12 U.S.C. 4702 ); (ii) an impact credit union; (iii) an impact bank