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Exhibit 3 <br />Current Affordable Housing Development Project Timelines <br />Depot at Santiago - 923 . Sa iago St <br />Feb-13 <br />RFP Issued for HOME/CDBG Funds <br />May-13 <br />Awarded HOME/CDBG Funds <br />Jun-14 <br />Planning Entitlements Approved <br />Oct-14 <br />RFQ Issued for PBVs <br />Apr-15 <br />Submitted Application for AHSC (Cap & Trade Funds) <br />May-15 <br />Awarded PBVs <br />Jun-15 <br />Awarded AHSC (Cap & Trade) Funds <br />Sep-15 <br />9% Low-income Housing Tax Credits Awarded <br />Nov-15 <br />Relocation Plan Approved <br />May-16 <br />Building Permits Pulled/Construction Initiated <br />Mar-18 <br />Construction Completion <br />Apr-18 <br />Tenants Anticipated Move -In <br />Jun-18 <br />Grand Opening <br />Jun-15 <br />Santa Ana Arts Collective - L666 N. IVlain St <br />RFP Issued <br />Nov-15 <br />Approved HOME/CDBG Funds <br />Mar-16 <br />Submitted Application for AHSC (Cap & Trade Funds) <br />Sep-16 <br />Awarded AHSC (Cap & Trade) Funds <br />Nov-16 <br />9% Low -Income Housing Tax Credits Awarded <br />Dec-16 <br />Relocation Plan Approved <br />Jul-17 <br />Final Loan Approved/ Close of Escrow <br />Jul-17 <br />Planning Entitlements Approved <br />Jul-17 <br />Building Permits Pulled/Construction Initiated <br />Apr-19 <br />Anticipated Construction Completion <br />Oct-15 <br />First Street Apa menu -144U E. first St <br />Developer Submitted Request for Funds to CDA <br />Apr-16 <br />Planning Entitlements Approved <br />Jun-17 <br />Awarded Successor Agency Funds <br />Jun-17 <br />Relocation Plan Approved <br />Sep-17 <br />9% Low -Income Housing Tax Credits Awarded <br />Jan-18 <br />Final Housing Authority Loan Approved <br />Mar-18 <br />Close of Escrow <br />Mar-18 <br />Construction Initiated <br />Aug-19 <br />Anticipated Construction Completion <br />19H-11 <br />