Allocations. The amount of funds available in the fiscal year for Program grants shall be determined as of July 1 of each fiscal year. The Department shall notify local nonprofit organizations engaged in housing-related activities and local jurisdictions of allocations, fund availability, and application cycles. Best efforts shall be made to award grants to facilitate the full use of Program funds in accordance with initial allocations of funds. Grant Applications. Grants shall be evaluated on a competitive basis in one or more rounds of competition, at the discretion of the Department, taking into consideration the following factors: The extent to which the request for funds serves the largest proportion of families of limited income; The extent to which the applicant uses available federal, State, and local programs and resources in the project; The organizational capacity of the applicant to carry out the project; The feasibility of the project; The cost effectiveness of the project in terms of per unit self-help housing fund costs as determined by the Department; The extent to which project participants use self-help labor; and Any other factors considered relevant by the Department.