The Board shall consider the following when selecting localities for program participation and in determining grant allocations:
1. Present and future beach ownership;
2. Erosion caused by public navigational works;
3. Intensity of use;
4. Availability of public beaches in the vicinity;
5. Evidence of a locality's ability and willingness to develop a long-term capacity to combat erosion;
6. Rate of erosion;
7. Actions of a locality which lead to, or may result in, the erosion of beaches; and
8. Such other matters as the Board shall deem sufficient for consideration.