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EXHIBIT 2 <br />Jan 23 Closing Kick Off <br />Mar 23 Receive grading permit and building permit ready letter <br />Mar 23 Construction loan closing <br />Mar 23 Pull Permits and start construction <br />Apr 23 Site Demolition <br />Jun 23 Groundbreaking Ceremony <br />Nov 23 Podium Complete <br />Jun 24 Dry In Complete <br />Nov 24 Construction Complete <br />May 25 100% Full occupancy (6 months) <br />FX Residences — 801, 809, 809 % E. Santa Ana Boulevard <br />Jan 19 Council approval for land lease and project funding <br />Jan 19 Submittal of application for NPLH funding <br />Feb 19 Confirm with City staff that project site can yield additional units under <br />existing zoning <br />Mar 19 Revise conceptual drawings for additional 5 units (17 total units, up from the <br />original 12 units) <br />Mar 19 SNHP funding application submitted to County <br />Apr 19 City staff to review revised conceptual design <br />Apr 19 Begin development agreement <br />May19 Board of Supervisors meeting for SNHP funding <br />Jul 19 Execute Development Agreement <br />Jul 19 Formal awards letters for NPLH funding to be issued <br />Aug19 Initial planning submittal <br />Sept19 Sunshine Ordinance Meeting <br />Mar 21 Planning Commission Meeting (ministerial approval of density bonus) <br />Oct 21 Submit for first plan check <br />Dec 21 City Council Meeting (ministerial approval of density bonus) <br />Dec 21 City Council approval of additional $587,000 for construction costs <br />Feb 22 Building permit submittal <br />Mar 22 Received 1st set of comments back from Plan Check, consultants working on <br />responses. <br />Jul 22 FX Funding Closing Meetings begin, 2nd Building Plan Submittal <br />Aug 22 Building and Grading comments being addressed <br />Oct 22 Construction Funding Closing process is underway <br />Dec 22 Dry closed funding for CaIHFA/SNHP and City of Santa of Santa Ana <br />April 23 Met with city planner to clarify all comments on 3rd submittal <br />April 23 Submit 4th building review & OCFA building review <br />May 23 Pull Building Permits & PGP Permits <br />June 23 Groundbreaking Ceremony <br />July 23 Start of Construction <br />Sept 24 Start of Lease Up <br />Dec 24 Estimated Completion of construction <br />City Council 9 — 18 8/1/2023 <br />