24 CFR 266.10 - Allocations of assistance and credit subsidy.
(a)Notice of availability of assistance. HUD will announce the availability of assistance under this program through publication of a Notice in the Federal Register. Such Notice will invite qualified HFAs to submit an application for approval and/or for additional units under this part. The Notice will indicate the deadline date for submission of applications, required documentation, the address to which the applications must be submitted and other relevant information.
(b) Credit subsidy will be obligated and allocated in accordance with outstanding Department instructions.