; or (II) meets the affordability criteria established by a State pursuant to section 1452(d)(3) of the Safe Drinking Water Act ( 42 U.S.C. 300j–12(d)(3) ) or section 603(i)(2) of the Federal Water Pollution Control Act ( 33 U.S.C. 1383(i)(2) ). (iii) Priority In carrying out this subparagraph, the Administrator shall prioritize financing for projects that— (I) are located in a State that is experiencing severe drought, as described in subclause (I) of clause (i), or a county for which a drought emergency has been declared, as described in subclause (II) of that clause; and (II) serve a community that is designated as disadvantaged, underserved, or financially distressed, or meets affordability criteria established by a State, as described in clause (ii). .