; and (ii) has reported the offer to the Farm Credit Administration. (B) Rural community bank priority In offering an interest in a financing to a domestic lending institution described in subparagraph (A)(i), the Farm Credit System institution shall give priority to community banks located in the service area of the essential community facility being financed. (d) Annual report to Congress Within 1 year after the date of the enactment of this section and annually thereafter, the Farm Credit Administration shall provide a report to the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate on the activities undertaken pursuant to this section by Farm Credit System institutions during the period covered by the report, including through partnerships between such an institution and other lending institutions, which shall also be posted on the website of the Farm Credit Administration. . (b) Effective date The amendment made by subsection (a) shall take effect on October 1, 2024. 5107. Down payment loan program Section 310E(b)(1) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1935(b)(1) ) is amended— (1) in the matter preceding subparagraph (A), by striking exceed 45 percent of the least and inserting exceed, subject to section 305(a), 45 percent of the lesser ; (2) in subparagraph (A), by adding or after the semicolon; (3) in subparagraph (B), by striking ; or and inserting a period; and (4) by striking subparagraph (C). 5108. Heirs property (a) Reauthorization of the heirs property intermediary relending program Section 310I(g) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1936c(g) ) is amended by striking 2023 and inserting 2029 . (b) Cooperative agreements for heirs property resolution through direct public interest legal services Section 310I of such Act ( 7 U.S.C. 1936c ) is amended— (1) by redesignating subsections (f) and (g) as subsections (g) and (h), respectively