Funds shall be allocated to:
(1) Agencies offering or proposing to offer the broadest range of housing-related services to persons in the community served, including:
(a) Emergency short-term and long-term shelter for the homeless;
(b) Prevention of residential foreclosures and evictions;
(c) Coordination of existing community services; and
(d) Projects to encourage self-sufficiency of participants and facilitate transition from dependency on subsidized housing;
(2) Other entities essential for carrying out the purposes of this section.