(a) Selection criteriaExcept as provided in section 4712 of this title, the Fund shall, in its sole discretion, select community development financial institution applicants meeting the requirements of section 4704 of this title for assistance based on—
the likelihood of success of the applicant in meeting the goals of its comprehensive strategic plan;
the amount of firm commitments to meet or exceed the matching requirements and the likely success of the plan for raising the balance of the match;
the extent to which the matching funds are derived from private sources;
whether the applicant is, or will become, an insured community development financial institution;
the extent to which the applicant will increase its resources through coordination with other institutions or participation in a secondary market;
other factors deemed to be appropriate by the Fund.
(b) Geographic diversity