As we head into the summer deferral period, committed amounts for the first five waves of FY2024 are up from the same period in FY2023. But amounts are still less than the $1.42B committed in the first five waves of FY2022. As of May 29th, 17.6K applicants had received $1.29B in funding commitments from 32.6K individual funding requests
Committed amounts Category Two requests for the first five waves of funding are trending downward after a peak in FY2022. As of May 31st, 5.6K applicants had received $397M in funding commitments on 8.5K individual funding requests.
To see more about how Category Two request were categorized in the first wave, click here
