The Fund may be used by the Mayor and City Council of Baltimore City or awarded to a qualified recipient by the Mayor and City Council only for: operating support for or building the capacity of qualified recipients; economic and physical improvements to the community through projects that reinvest in and revitalize the community; the development of women–owned, minority–owned, and small businesses; the development of recreational facilities, parks, or improvements to the natural environment; the development and preservation of affordable and workplace housing; expansion of school programs and capital improvements to school facilities that serve the area; job training and workforce development; or counseling for housing and small business development.