; and (E) be secured and have a priority of payment as determined by the CDFI. (4) Revolving loan structure The CDFI may apply loan repayments to fund additional loans provided such relending does not impair the ability of the CDFI to repay its secured loan in full and timely fashion. (5) Delegated lending model The CDFI is authorized to provide loans for CDFI TOD projects under a delegated lending model. No provision of this section shall restrict the ability of the CDFI to establish the terms and conditions of loans to project sponsors under this section. (d) Discontinuance of funding If the Secretary determines that a CDFI is not implementing the CDFI TOD account in accordance with the application of such account, the Secretary may prohibit the CDFI from drawing down any additional proceeds from a secured loan commitment. (e) Forms of assistance from a CDFI (1) In general A CDFI may, using funds deposited into the CDFI TOD account, make loans to a public or private entity to carry out a CDFI TOD project. (2) Subordination of loan The amount of a loan or other form of credit assistance provided for a project described in subsection (c)(3) may be subordinated to any other debt financing for the project. (f) Annual report to the Secretary Any CDFI participating in this program shall make an annual report to the Secretary not later than September 30 of each year and such other reports as the Secretary may require under guidelines issued to carry out this section. (g) Applicability of Federal law The requirements of this title and title 49 that would otherwise apply to funds made available under this chapter or such title and projects assisted with those funds shall apply to CDFI TOD projects assisted by the CDFI under this chapter, except to the extent the Secretary determines that any requirement of such title is not applicable or is not consistent with the objectives of this section. (h) United States not obligated The deposit of Federal funds into a CDFI under this section shall not be construed as a