Pursuant to Arkansas Code § 15-5-603:
- (1) Approximately twenty-six million two hundred nine thousand dollars ($26,209,000) in volume cap will be available for reservation through the Arkansas Development Finance Authority; and
- (2) Approximately seventy-eight million six hundred twenty-eight thousand five hundred dollars ($78,628,500) will be available for allocation to any issuer authorized to issue tax-exempt private activity bonds for the development of multi-family residential rental housing.