; (ii) use at least 7 percent of the total amount of funds granted to such institution under this section for such fiscal year to compensate students employed in work-based learning positions; and (iii) use at least 7 percent of the total amount of funds granted to such institution under this section for such fiscal year to compensate students employed in community service, and shall ensure that not less than 1 tutoring or family literacy project (as described in subsection (d)) is included in meeting the requirement of this subparagraph, except that the Secretary may waive a clause under this subparagraph with respect to an institution if the Secretary determines that enforcing such clause would cause hardship for students at the institution; and (B) may— (i) use a portion of the sums granted to it to meet administrative expenses in accordance with section 489; (ii) use a portion of the sums granted to it to meet the cost of a job location and development program in accordance with section 446 of this part; and (iii) transfer funds in accordance with the provisions of section 488; ; (B) in paragraph (4)— (i) by striking $300 and inserting $500 ; and (ii) by inserting except as provided under subsection (f), before provide ; (C) in paragraph (5)— (i) in subparagraph (A)(ii), by striking and at the end; (ii) in subparagraph (B), by inserting and after the semicolon; and (iii) by adding at the end the following: (C) the Federal share shall equal 100 percent if the institution is eligible for assistance under title III or title V; ; (D) in paragraph (6)— (i) by inserting who demonstrate exceptional need (as defined in section 413C(c)(2)) after students ; and (ii) by inserting and prioritize employment for students who are currently homeless individuals described in section 725 of the McKinney-Vento Homeless Assistance Act ( 42 U.S.C. 11434a ) or foster care youth after institution ; (E) in paragraph (7), by striking vocational and inserting career