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EXHIBIT 3 <br />May 7, 2024 <br />Page 7 <br />Jun 22 Applied to County of Orange for ARPA Funding <br />Jun 22 City of Santa Ana City Council Approval of DBA <br />Jun 22 Awarded County of Orange ARPA Funding <br />Jun 22 Applied for TCAC 9% competitive federal tax credits <br />Sept 22 TCAC Allocation <br />Sept 22 Start Construction Documents, Plan Check and Permitting <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 />Jul 23 Storm drain system complete <br />Aug 23 Concrete footings & Columns Complete <br />Sept 23 Structural Framing on Existing Building Complete <br />Oct 23 Concrete pour ground floor slab on grad complete <br />Nov 23 Podium Complete <br />Dec 23 Framing 2nd Floor Complete <br />Jan 24 Framing Third to Fourth Floors Complete <br />Feb 24 Roof Tiebacks- Installation complete and structural observation done <br />Mar 24 Fire Sprinkler Permit Received HVAC inspection done <br />Apr 24 Roofing Framing Complete <br />Jun 24 Drywall Complete, Switchgear received <br />July 24 Dry In Complete, Lath & Plaster Complete <br />Aug 24 Interior Finishes Complete Permanent Power <br />Sept 24 Exterior Finishes Complete <br />Nov 24 Construction Complete <br />May 25 100% Full occupancy (6 months) <br />FX Residences – 801, 807, 809, and 809 ½ 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 five (5) units (17 total units, up <br />from the original 12 units) <br />Mar 19 SNHP funding application submitted to County