When dealing with federal, state, and local NOFA (notice of funds availabilities), do government funds allocated for affordable housing often get depleted from too many developers requesting funds for new projects?

If they were insured with Cal Safe they are both dramatically underinsured and a single neighborhood would deplete the programs' reserves. 

One of the pro's is Investors can tap into retirement funds to finance deals without depleting cash reserves.

Bank Statements and Asset Depletion can be used with helocs!

Additionally, there’s always a risk that any pet-related damages could be hidden under furniture or otherwise concealed, potentially leaving us to cover the costs if the security deposit is fully depleted by other expenses (e.g., damages or unpaid rent).

With this additional expense, that would mean depleting the savings we’ve worked so hard to build over the past few years.To add to the situation, my wife and I are expecting our first baby in just two weeks!

In this case, buy something that needs very little work so you don’t deplete all your cash.

@Ryan Dori lots of options besides DSCR. 1 Year income, Asset Depletion, Bank Statements, and P & L only loans. 

Between the contractor that scammed me and the break in, this project has gone on for about five months longer than it should, and I have depleted my savings making the interest payments all the way up until I have zero money. 

Part of the reasons hydrants didn't work was some water storage was already depleted for maintenance.