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EXHIBIT 3 <br />st <br />May 20Notified project did not receive 2Round MHP funding <br />May 20 Received OCHFT funding award ($2,292,920) <br />Jun 20 Received VHHP funding award ($10,000,000) <br />Jun 20Submitted Plans for Ministerial Design Approval <br />Jun 20 Applied for CDLAC tax exempt bond allocation ($24,000,000) <br />Jul 20 Applied for TCAC 4% competitive state and federal tax credits ($9,896,911) <br />Sept 20 CDLAC Allocation <br />Nov 20 Ministerial Design Approval (upon completion of community meeting on <br />11/4/2020) <br />Oct 20 TCAC Allocation <br />Oct 20 Start construction documents for rehab <br />Nov 20 Submit first plan check <br />Dec 20 Awarded Home Depot Grant <br />Jan 21 Receipt of first plan check comments <br />Jan 21 Submit second plan check <br />Feb 21 Receipt of second plan check comments <br />Feb 21 Submit third plan check <br />Mar 21 Received permit ready <br />Apr 21 Construction loan closing <br />Apr 21 Pull Permits and start construction <br />Oct 22 Construction complete <br />Oct 22 Start of lease up <br />Apr 23 Full occupancy <br /> <br />Projects in Pre-Development <br /> <br />Crossroads at Washington –1126 and 1146 E. Washington Avenue <br />Aug 19 Submitted PSH application to County <br />Oct 19 Submitted for Planning entitlements <br />Oct 19Community meeting <br />Nov 19 Approval of Joint Powers Agreement, Option to Ground Lease, Voucher <br />Resolution and Cooperation Agreement, and Regional Housing Needs <br />Assessment (RHNA) Agreement and Density Bonus <br />Dec 19 NEPA EA City Approval – City of Santa Ana submits NEPA EA to HUD <br />Feb 20 PSH Funds and Voucher approval from County Board of Supervisors <br />Feb 20 Planning entitlements approved <br />st <br />Mar 20 TCAC 9% Application – 1 Round 2020 <br />nd <br />Jul 20 TCAC FCAA/9% Application – 2 Round 2020 <br />nd <br />Oct 20TCAC FCAA/9% Award –2Round 2020 <br />Mar 21 Submitted OCHFT PSH NOFA Application <br />May 21 OCHFT PSH NOFAAward <br />Jan22Submit for 1st plan check <br />Jun 22 City issues permit ready letter <br />Jun 22 Start construction <br />Aug 23 Construction complete <br />Page 2 of 4 <br /> <br /> <br />