; (B) for which, as determined by the Secretary and the Director, the occupancy of which will promote community revitalization; and (C) that— (i) was previously subject to a mortgage loan insured by the Federal Housing Administration under title II of the National Housing Act ( 12 U.S.C. 1707 et seq.) and is owned by the Secretary pursuant to the payment of insurance benefits under such Act; (ii) is a real estate owned property of the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation; or (iii) is owned by a local land bank. (4) Local land bank The term local land bank means— (A) a governmental or nongovernmental nonprofit entity established, at least in part, to assemble, temporarily manage, and dispose of vacant land for the purpose of stabilizing neighborhoods and encouraging re-use or redevelopment of urban property; or (B) such other governmental or nongovernmental entity as the Secretary and the Director may determine appropriate. (h) Authorization of appropriations There are authorized to be appropriated such sums as necessary to carry out this section for fiscal years 2021, 2022, and 2023.