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EXHIBIT 3 <br />Page 1 of 5 <br /> <br /> <br /> Current Affordable Housing Development Project Timelines <br /> <br />Projects Completed <br /> <br />Casa Querencia – formerly Aqua Housing – 317 E. 17th Street <br /> <br />Dec 16 RFP Issued for PBVs <br />Apr 17 Approved PBVs <br />Jun 17 Planning entitlements approved <br />Jun 17 Approved additional PBVs <br />Jan 18 Awarded County Special Needs Housing Funds <br />Jan 18 Submitted application for HCD Infill Infrastructure Funds <br />Jun 18 Award of HCD Infill Infrastructure Funds <br />Aug 18 Submittal of 4% Low-Income Housing Tax Credit Application <br />Oct 18 Allocation of 4% Low-Income Housing Tax Credits <br />Apr 19 Close of escrow <br />Jun 19 Construction initiated <br />Dec 20 Anticipated construction completion <br /> <br />Santa Ana Arts Collective – 1666 N. Main St <br /> <br />Jun 15 RFP Issued <br />Nov 15 Approved HOME / CDGB Funds <br />Mar 16 Submitted application for AHSC (Cap & Trade Funds) <br />Sept 16 Awarded AHSC (Cap & Trade Funds) <br />Nov 16 9% Low-Income Housing Tax Credits Awarded <br />Dec 16 Relocation Plan Approved <br />Jul 17 Final loan approved / close of escrow <br />Jul 17 Planning Entitlements approved <br />Jul 17 Building permits pulled / construction initiated <br />Jun 20 Construction completion <br /> <br /> <br />Projects Under Construction <br /> <br />La Placita Cinco – 2223 W. 5th Street <br /> <br />Dec 16 Developer submitted request for funds to CDA <br />Jun 17 Awarded City and Housing Successor Agency Funds <br />Jan 18 Planning entitlements approved <br />Jul 18 Submittal of 9% Low-Income Housing Tax Credit Application <br />Oct 18 Award of 9% Low-Income Housing Tax Credits <br />May 19 Close of Escrow <br />Jun 19 Construction initiated <br />Jan 21 Anticipated construction completion