; procedures; contracts Grants and low-interest loans under this section shall— (1) be provided through the policies, procedures, contracts, and transactional infrastructure of the authorized programs administered by the Department of Housing and Urban Development, on such terms and conditions as the Secretary of Housing and Urban Development deems appropriate to ensure the maintenance and preservation of the property, the continued operation and maintenance of energy efficiency technologies, and the timely expenditure of funds; and (2) include a financial assessment and physical inspection of such property. (i) Eligible owners To be eligible for a grant or low-interest loan under this section, the owner of the property shall have at least a satisfactory management and occupancy review rating, be in substantial compliance with applicable performance standards and legal requirements, and commit to an additional period of affordability determined by the Secretary, but of not fewer than 50 years. Owners shall include nonprofit owners and preservation purchasers, including public housing agencies and nonprofit developers. (j) Loan terms (1) In general A loan under this section shall— (A) bear interest at a rate, determined by the Secretary, that— (i) does not exceed by 3 percentage points the discount window primary credit interest rate most recently published on the Federal Reserve Statistical Release on selected interest rates (daily or weekly), commonly referred to as the H.15 release or the Federal funds rate ; and (ii) is below the average interest rate at the given time for a home improvement loan