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EXHIBIT 2 <br />Page 1 of 5 <br /> <br /> <br /> Current Affordable Housing Development Project Timelines <br />Projects Under Construction <br /> <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 />July 23 Elevator Cab delivery <br />Feb 23 Construction complete <br />June 23 100% fully leased (4 months) <br /> <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 1st 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