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EXHIBIT 3 <br />Page 4 of 4 <br /> <br />Jan 21 City of Santa Ana PBV Award <br />Jan 21 Construction/permanent debt commitments <br />Jan 21 Receive Entitlements <br />Jan 21 No Place Like Home application <br />Mar 21 OCHFT application <br />May 21 OCHFT Award <br />Jun 21 No Place Like Home commitment <br />Sep 21 CDLAC/TCAC 4% application <br />Dec 21 CDLAC/TCAC 4% award <br />Jun 22 Close on construction financing <br />Jun 22 Construction permits issued <br />Jun 22 Construction start <br />Dec 23 Construction complete <br />Mar 24 All units Leased <br />Aug 24 Perm Debt Conversion