In evaluating an application for a grant under the program, the board shall consider:
(1) the number of colonia residents to be served by the self-help project;
(2) the capability of the political subdivision or nonprofit organization to complete the self-help project in a timely manner;
(3) the quality of any projects previously completed by the applicant; and
(4) the commitment demonstrated by the retail public utility to provide water or wastewater services to the colonia on completion of the project.