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EXHIBIT 3 <br />Projects in Pre -Development <br />Page 2 of 4 <br />19D-16 <br />Aqua Housing - 317 E. 17th St <br />Dec -16 <br />RFP Issued for PBVs <br />Apr -17 <br />Approved PBVs <br />Jun -17 <br />Planning Entitlements Approved <br />Jun -17 <br />Approved Additional PBVs <br />Jan -18 <br />Awarded County Special Needs Housing Funds <br />Jan -18 <br />Submitted Application for HCD Infill Infrastructure Funds <br />Jun -18 <br />Award of HCD Infill Infrastructure Funds <br />Aug -18 <br />Submittal of 4% Low -Income Housing Tax Credit Application <br />Oct -18 <br />Allocation of 4% Low -Income Housing Tax Credits <br />Mar -19 <br />Anticipated Close of Escrow <br />Apr -19 <br />Anticipated Construction Initiated <br />Page 2 of 4 <br />19D-16 <br />North Harbor VillFormerly Budget inn)) <br />Mar -19 <br />Start of Design Development <br />Mar -19 <br />Applied to FHLBSF for AHP Financing ($830,000) <br />Mar -19 <br />Award of VASH Vouchers & City Loan by City Council (89 Vouchers and $1,687,047) <br />Mar -19 <br />Start Environmental Approval Process with City of Santa Ana (CEQA/NEPA) <br />Mar -19 <br />Applied for Home Depot Grant ($500,000) <br />Apr -19 <br />First Submittal for Architectural Review <br />May -19 <br />Community Meeting <br />Jun -19 <br />Apply to HCD for MHP Funding (Amount TBD) <br />Jun -19 <br />Arch. Review Comments Received from City <br />Jun -19 <br />CEQA/NEPA Approval — City of Santa Ana <br />Jun -19 <br />Receive AHAP Contract <br />Jun -19 <br />AHP Award Date <br />Jul -19 <br />Resubmit Plans for 2nd Architectural Review <br />Jul -19 <br />TCACApplication —2n'Round 2019 <br />Jul -19 <br />Apply for OCCF Financing (If Necessary) <br />Jul -19 <br />Receive Ministerial Approvals for Design <br />Aug -19 <br />Home Depot Grant Award Date <br />Sep -19 <br />OCCF Award (TBD — If Necessary) <br />Sep -19 <br />TCAC Allocation <br />Sep -19 <br />Start Construction Documents for Rehab <br />Sep -19 <br />Submit First Plan Check <br />Dec -19 <br />Receipt of First Plan Check Comments <br />Dec -19 <br />Submit Second Plan Check <br />Jan -20 <br />Receipt of Second Plan Check Comments <br />Jan -20 <br />Submit Third Plan Check <br />Feb -20 <br />Receipt of Permit Ready <br />Feb -20 <br />Construction Loan Closing <br />Page 2 of 4 <br />19D-16 <br />