So I submitted on Friday, got scored on Monday, and then heard about the alternate list on Tuesday. The reason they gave me for their decision was that while my app was competitive, they are awaiting further funding and I will get re-evaluated in the next 3 months or so. It was worth a shot. Good luck! It is possible they do have some funding so likely that they may give offers still (just not to me yet lol). Let me know if you hear back
And no, definitely not a lot of info about the application process and timeline.