; and (bb) the Administrator shall allow for new applicants and give priority to applications submitted by any covered institution that is located in an area with insufficient lending under the program. (II) Exception for fiscal year 2025 In fiscal year 2025, not more than 200 covered institutions may participate in the program if— (aa) after reviewing the report under subparagraph (M)(iii), the Administrator determines that not more than 200 covered institutions may participate in the program; (bb) the Administrator notifies Congress in writing of the determination of the Administrator under item (aa); and (cc) not later than July 30, 2024, the Administrator notifies the public of the determination of the Administrator under item (aa). (F) Grandfathering of existing lenders Any covered institution that participated in the Community Advantage Pilot Program of the Administration and is in good standing on the day before the date of enactment of this paragraph— (i) shall retain designation in the program