; (B) a rural community; or (C) a federally recognized Indian Tribe. (2) Eligible intermediary The term eligible intermediary means a qualified— (A) private, nonprofit organization; or (B) public organization. (b) Establishment The Secretary shall establish a Rural Community Development Initiative, under which the Secretary shall provide grants to eligible intermediaries to carry out programs to provide financial and technical assistance to eligible entities to develop the capacity and ability of eligible entities to carry out projects to improve housing, community facilities, and community and economic development projects in rural areas. (c) Amount of grants The amount of a grant provided to an eligible intermediary under this section shall be not more than $250,000. (d) Matching funds (1) In general An eligible intermediary receiving a grant under this section shall provide matching funds from other sources, including Federal funds for related activities, in an amount not less than the amount of the grant. (2) Waiver The Secretary may waive paragraph (1) with respect to a project that would be carried out in a persistently poor rural region, as determined by the Secretary. . VI Reports 601. Annual report on rural housing programs Title V of the Housing Act of 1949 ( 42 U.S.C. 1471 et seq. ), as amended by this Act, is amended by adding at the end the following: 546. Annual report (a) In general The Secretary shall submit to the appropriate committees of Congress and publish on the website of the Department of Agriculture an annual report on rural housing programs carried out under this title, which shall include significant details on the health of Rural Housing Service programs, including— (1) raw data sortable by programs and by region regarding loan performance; (2) the housing stock of those programs, including information on why properties end participation in those programs, such as for maturation, prepayment, foreclosure, or other servicing issues