Its the automated message when you call them now, reservation list being implemented from 03/17. The following is from their implementation manual:
Reservation List:
A Reservations List will be put in place if all grant funds have been reserved by grant-approved participants. Funds are put in reserve for 35 calendar days from the date a participant is given grant approval. If the grant-approved participant does not redeem a grant in that window of time, the funds are released back into the pool of available grant funds. Participants with Approval Letters when a Reservation List is active have reserved grant funds and will be guaranteed a grant if they redeem it in accordance with all program criteria. Participants who have an incomplete application at the time when a Reservation List is put in place may continue the application process and submit their application. However, these participants may experience unusually long wait times and may not receive funding. As funding becomes available, applications will be processed on a first-come first-serve basis. BSF may or may not allow new participants to begin an application during this time. The CVA Program administrator will do its best to forecast and communicate, in advance, when available grant funds will reach a balance that will necessitate a Reservation List.