“ PREFERENCE— The Secretary shall give preference to institutions of higher education that undertake research and outreach activities by bringing together knowledge and expertise in the various social science and technical disciplines that relate to urban problems. (f) FEDERAL SHARES— The Federal share of a grant under this section shall not be more than— (1) 50 percent of the cost of establishing and operating a Center's research activities; and (2) 75 percent of the cost of establishing and operating a Center's outreach activities. ”

“ PURPOSES— The demonstration program carried out under this section shall— (A) improve access to capital for initiatives which benefit residents and businesses in targeted geographic areas; and (B) test new models for bringing credit and investment capital to targeted geographic areas and low-income persons in such areas through the provision of assistance for capital, development services, and technical assistance. ”

“ ELIGIBLE ACTIVITIES— Funds made available under this subsection may be used for eligible activities pursuant to section 105 of the Housing and Community Development Act of 1974 or to provide seed capital to nonprofit community development corporations to carry out the strategy developed in subsection (c) (2) . (e) MATCH REQUIRED— Funds provided under this section shall be matched with private or public non-Federal funds in an amount not less than 50 percent of the funds provided under this section. ”

“ NO BENEFIT RULE— To the extent that assistance is provided to an eligible organization that is a depository institution holding company, the Secretary shall ensure, to the extent practicable, that such assistance does not inure to the benefit of directors, officers, employees and stockholders. ”

“ COMMUNITY INVESTMENT CORPORATION DEMONSTRATION. (a) SHORT TITLE— This section may be cited as the ``Community Investment Corporation Demonstration Act ́ ́. (b) COMMUNITY INVESTMENT CORPORATION DEMONSTRATION— (1) FINDINGS— The Congress finds that— (A) the Nation's urban and rural communities face critical social and economic problems arising from lack of growth; growing numbers of low-income persons and persons living in poverty; lack of employment and other opportunities to improve the quality of life of these residents ”

“ The demonstrated ability of the applicant to disseminate results of research and successful strategies developed through outreach activities to other Centers and communities served through the demonstration program. (E) The projects and activities that the applicant proposes to carry out under the grant. (F) The effectiveness of the applicant's strategy to provide outreach activities to communities. (G) The extent of need in the communities to be served by the Centers. ”