(a) To apply for a grant, an applicant shall submit to the Trust an application in the form that the Trust requires.

(b) The application shall include:

(1) A detailed description of the proposed acquisition;

(2) An itemization of known and estimated costs;

(3) The total amount of investment required to acquire the property;

(4) The funds available to the applicant without financial assistance from the Trust;

(5) The amount of financial assistance sought from the Trust;

(6) Information that relates to the financial status of the applicant; and

(7) Any other relevant information that the Trust requests.