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EXHIBIT 3 <br />May 7, 2024 <br />Page 1 <br />Current Affordable Housing Development Project Timelines <br />Projects under Construction <br />Estrella Springs – 1108 N. Harbor (Formerly called North Harbor Village) <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 <br />(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 <br />Mar 20 Applied to OCHFT Financing ($2,292,920) <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 <br />($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