; (iii) indicate how the project will contribute to or support lasting housing affordability and access to homeownership opportunity; and (iv) consider how blighted property remediation efforts will contribute to holistic neighborhood revitalization, including how they will impact access to a safe environment, respond to local housing market needs, and impact access to housing affordable to a variety of income levels, appropriate services, public assets, transportation, schools, and jobs. (2) Implementation grants (A) In general A land bank receiving an implementation grant under this section may use the grant funds to implement a revitalization plan of the land bank described in paragraph (1)(B) over a 5-year period, including through efforts such as property maintenance, site preparation, remediation, obtaining a clear, marketable, and insurable title, property acquisition and disposition, demolition, deconstruction, property rehabilitation, staffing, operations, and administrative costs. (B) Construction predevelopment fund use cap A land bank receiving an implementation grant under this section may use not more than 25 percent of the grant funds for construction and predevelopment costs incurred in preparation of a site for redevelopment, such as environmental reviews, stormwater work, and geotechnical engineering. (c) Application (1) In general A land bank desiring a grant under this section shall submit to the Secretary an application at such time, in such manner, and including such information as the Secretary may require. (2) Considerations In selecting grant recipients under this section, the Secretary shall— (A) seek to make awards to land banks in a geographically diverse manner; (B) consider the needs of rural geographies separately given population density; (C) consider the extent to which the proposed targeted revitalization corridor represents a cohesive and targeted geographic area with a shared character