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EXHIBIT 3 <br /> Current Affordable Housing Development Project Timelines <br /> Projects Under Construction <br /> Legacy Square — 609 North Spurgeon Street <br /> Aug 18 Santa Ana CDA Funding Application <br /> Dec 18 Applied for NPLH and SNHP Funds <br /> Jan 19 Santa Ana funding award <br /> Feb 19 Planning entitlements approved <br /> Feb 19 Applied for Round 4 AHSC Funding <br /> May 19 Award of SNHP funds <br /> Jul 19 Applied for Round 1 MHP <br /> Nov 19 Applied for State 4% tax credits <br /> Jan 20 Construction drawings (8-12 weeks) <br /> Feb 20 Apply for Round 5 AHSC funding <br /> May 20 Apply for 4% tax credits <br /> May 20 Plan check (12-16 weeks) <br /> Jun 20 Award of AHSC funds <br /> July 20 Award of 4% Tax Credits <br /> July 20 Award of Tax-Exempt Bonds <br /> May 20 Plan Check (12-16 weeks) <br /> Jan 21 Building permit issuance <br /> Feb 21 Construction closing/syndication <br /> Feb 21 Begin construction (24 months) <br /> Jul 21 Groundbreaking Ceremony <br /> Mar 22 Press Release announcing 5 Community Workshops for Lease Up <br /> information <br /> Apr 22 Framing complete <br /> May 22 Roofing to start <br /> Feb 23 Construction complete <br /> June 23 100% fully leased (4 months) <br /> North Harbor Village — 1108 N. Harbor <br /> Mar 19 Start of design development <br /> Mar 19 Applied to FHLBSF for AHP Financing ($890,000) <br /> Mar 19 Award of VASH Vouchers & City Loan by City Council (89 Vouchers and <br /> $1,687,047) <br /> Mar 19 Start environmental approval process with City of Santa Ana (CEQA/NEPA) <br /> Mar 19 Applied for Home Depot Grant ($500,000) <br /> Jun 19 CEQA / NEPA Approval — City of Santa Ana <br /> Jun 19 AHP Award Date ($890,000) <br /> Aug 20 Applied to HCD for MHP 1st Round Funding ($13,316,412) <br /> Dec 19 Notified project did not receive 1 st Round MHP funding <br /> Feb 20 Applied to HCD for VHHP Funding ($10,000,000) <br /> Mar 20 Applied to HCD for MHP 2nd round funding <br /> Mar 20 Applied to OCHFT Financing ($2,292,920) <br /> City Council 6 — 11 5/3/2022 <br />