§ 5106. Ranking.

After all Applications for Qualified Residential Rental Projects are evaluated pursuant to Section 5105, the Applications shall be ranked and may be awarded an Allocation as follows, except that a project shall not receive a bond allocation if it had requested and is not scheduled to receive an award of State Tax Credits:

(a) Applications for Rural Projects will be ranked amongst themselves, and separately from Applications for all other Qualified Residential Rental Projects. Applications for Rural Projects awarded the greatest number of points after factoring in the tiebreaker pursuant to Section 5106(f), as applicable, shall be awarded an Allocation from the Rural Pool. Applications for Rural Projects not receiving an Allocation will not be eligible for consideration for an Allocation under subdivisions (b) or (d) of this section.

(b) Applications for Acquisition/Rehabilitation Projects will be ranked amongst themselves, and separately from Applications for all other Qualified Residential Rental Projects. Applications for Acquisition/Rehabilitation Projects awarded the greatest number of points after factoring in the tiebreaker pursuant to Section 5106(f), as applicable, shall be awarded an Allocation from the Acquisition/Rehabilitation Pool. Applications for Acquisition/Rehabilitation Projects not receiving an Allocation pursuant to this subdivision will not be eligible for consideration for an Allocation under subdivisions (a) or (d) of this section.