(a) Program funds for infrastructure development financing projects may be used for:

1. (1) construction or renovation of basic systems and facilities on public or privately-owned property including drainage systems, sewer systems, access roads, sidewalks, docks, parking, wharves, water supply systems, and site clearance, preparation, improvements and demolition;
2. (2) soft costs related to any of the above uses; and
3. (3) preliminary planning for uses permitted under paragraph (a)(1) of this section.