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EXHIBIT 3 <br /> May 20 Notified project did not receive 2st Round MHP funding <br /> May 20 Received OCHFT funding award ($2,292,920) <br /> Jun 20 Received VHHP funding award ($10,000,000) <br /> Jun 20 Submitted 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 /> May 21 Site Demolition <br /> Dec 21 Work on mock up units begins <br /> May 22 Roofing and Framing <br /> Jun 22 OCHFT Loan finalized <br /> Jun 22 Structural retrofitting and repairs <br /> Aug 22 Stock drywall & Inspections <br /> Sep 22 Gutter , Awning and Painting & installation of stairs <br /> Sep 22 Interior refurbishments & finishes <br /> Oct 22 Complete flooring <br /> Oct 22 Final Cleaning <br /> Oct 22 Start of lease up <br /> Dec 22 Construction Completion <br /> Apr 23 Full occupancy <br /> City Council 6 — 12 5/3/2022 <br />