(a) As contained in Arkansas Code § 15-5-1709(b) of the Arkansas Housing Trust Fund Act of 2009, Arkansas Code § 15-5-1701 et seq., the following rules shall apply to distribution of any Arkansas Housing Trust Fund resources:

1. (1) Activities shall be selected through a competitive process; and

2. (2) The following groups served shall be eligible for set-asides or incentives, without limitation:

   1. (A) Persons with very low income;
   2. (B) Persons living in rural areas;
   3. (C) Homeless persons;
   4. (D) Persons with disabilities;
   5. (E) Elderly persons; and
   6. (F) Victims of domestic violence.