SECTION 330:25-7-2. Method of allocation

  OHFA proposes to invite Offers to Originate from, and allocate lendable proceeds to, the participants based upon the following criteria:

(1)   Participants, in their Offers to Originate ("Offer"), must specify the amount of the proposed allocation to be used in Target and/or Non-target areas. Allocations to the participants by OHFA shall be made at the discretion of OHFA. Should it become necessary, after making initial allocations, for OHFA to reduce the overall issue size because of marketing or other considerations, the allocations of all participants will be reduced on a fair and equitable basis.

(2)   The Offer may encompass the State as a whole, regions, or various specific areas within the State. The Offer should, however, indicate the approximate allocation of mortgage funds among the various counties, so that OHFA may monitor geographic distribution of 1987 Program funds.

(3)   OHFA shall make its best reasonable efforts to make funds available for each county in the State.