; (ii) 40 percent or more of the residential units in such project are occupied by a household with an income that does not exceed 60 percent of the median income for the area; or (iii) the average income of a household occupying 40 percent or more of the residential units in such project does not exceed 60 percent of the median income for the area, although individual residential units within that 40 percent of units may be occupied by a household with an income that does not exceed 80 percent of the median income for the area. (B) The housing costs, including water and sewer, electricity, heating, cooling, trash, and recycling, and other specific circumstances of the property that may also be considered in affordability calculations under local regulations, with respect to each residential unit described in subparagraph (A) does not exceed 30 percent of the income limit described in subparagraph (A) that applies to the household occupying such unit. (3) State The term State means each of the several States, the District of Columbia, each commonwealth, territory, or possession of the United States, and each federally recognized Indian Tribe. (g) Authorization of appropriations There is authorized to be appropriated to carry out the Conversion Program $250,000,000 for each of fiscal years 2025 through 2030.