; and (B) communities in the creation of new land banks. (2) Authority The eligible entity described in paragraph (1) may, with respect to the grant programs developed under this subsection— (A) design the grant programs; (B) develop eligibility criteria for the grant programs; (C) disburse grant funds directly to— (i) a land bank; or (ii) a nonprofit organization, a community organization, or 1 or more units of government for the purpose of establishing a land bank; and (D) establish reporting requirements for recipients of the grants. (3) Applications A land bank or an entity described in subparagraph (C)(ii) desiring a grant from a grant program developed under this subsection shall submit to the eligible entity described in paragraph (1) an application that includes a plan for resident engagement in the use of any grant funds that has a direct impact on the community. (4) Reports Not later than 1 year after the date on which a land bank or an entity described in paragraph (2)(C)(ii) receives a grant from a grant program developed under this section, and annually thereafter until 1 year after the date on which the land bank or entity fully expends the funds from the grant, the land bank or entity shall submit to the national land bank network a report that includes a summary of the steps undertaken to engage neighborhood residents relating to activities funded by the grant that have a direct impact on the community. (e) Annual report Not later than 1 year after the date of enactment of this Act, and annually thereafter, the Corporation shall submit to Congress a report describing, with respect to the preceding fiscal year— (1) the services provided to land banks by the national land bank network