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Meta Housing Corporation, City of Santa Ana, and Santa Ana Arts Collective, L.P. <br />16-AHSC-11199 <br />EXHIBIT A Page 8 of 8 <br />AFFORDABLE HOUSING DEVELOPMENT PROJECT <br />PERFORMANCE MILESTONE <br />DATE <br />Executed binding agreement between the Sponsor and developer of the <br />proposed Affordable Housing Development detailing the terms and conditions <br />of the Project development. <br />08/01/2017 <br />Site Control of Affordable Housing Development site(s) by proposed housing <br />developer. <br />01/2016 <br />Completion of all necessary environmental clearances, including those <br />required under CEOA and NEPA. <br />03/2016 <br />Obtaining all necessary and discretionary public land use approvals. <br />05/2016 <br />Obtaining all enforceable funding commitments for at least the first phase of <br />the Housing Development supported by the infrastructure Project. <br />07/2017 <br />Obtaining all enforceable funding commitments for all construction period <br />financing. <br />07/2017 <br />Obtaining enforceable commitments for all construction/permanent financing <br />described in the Sources and Uses including substantially final construction <br />and permanent loan documents, and Tax Credit syndication documents for <br />07/2017 <br />remaining phases of Project. <br />Submission of Final Construction Drawings and Specifications to the <br />appropriate local building department or permitting authority. <br />07/2017 <br />Commencement of construction. <br />08/2017 <br />Construction complete and the filing of the Notice of Completion. <br />08/01/2019 <br />Program funds fully disbursed. <br />02/01/2020 <br />AHSC Loan - Rental Affordable Housing Development <br />NOFA Date: 01/29/16 <br />Approved Date: 03/09/17 <br />Prep, Date: 07/20/17 <br />