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LXHIBYLD <br />Schedule of Performiancc <br />GUEST HOUSE - SANTA ANA <br />PROJECT TIMELINE . . ........... <br />6/3/16 <br />PIT111 <br />MIENREM <br />City Council CUP Approval <br />Oct-15 <br />Property Acquisition <br />Dec-15 <br />Project Based Vouchers Award <br />Mar-16 <br />HOME Funds Application <br />Mar-16 <br />4% -lHTC +Tax Exempt Bond Application <br />May-16 <br />4% Federal +Tax Exempt Bond Award <br />7/22/16 <br />Formall Cornrnitmenl of HOME Fund's <br />7/25/16 <br />Construction Commence/ LP Closing <br />11/15/16 <br />Anticipated Construction ( , 'ornpletion <br />7/15/17 <br />100% Occupancy <br />8/15/17 <br />Perm Loan Closing (Conversion) <br />12/17/17 <br />86095 <br />1/16/18 <br />wu <br />Federal Tax Credit Equity <br />6,713,176 <br />Tax Exempt Permanent Loan - Tranche A (Tenant) <br />1,738,420 <br />'Tax Exempt Permanent Loan - Tranche B (Voucher) <br />7,895,194 <br />HOME Loan <br />1,199,869 <br />Developer Deferred Fees <br />626,427 <br />TOTAL <br />18,173,086 <br />Acquisition Costs <br />6,824,125 <br />Direct Construction Costs <br />5,663,049 <br />Construction Contingency <br />566,305 <br />Indirect and Soft Costs <br />1,759,631 <br />Developt,r Fee <br />2,122,988 <br />Financing Costs <br />622,145 <br />Project Reserves <br />614,84 <br />TOTAL <br />18,173,086 <br />Fed Tax Credit Equity Pricing <br />1,07 <br />4% Credits to Investor <br />6,273,996 <br />Acquisition Bridge Loan <br />6,482,919 <br />Tax Exempt Construction Loan, <br />13,958,579 <br />#of Ll HITC / PBV Units <br />71 <br />P of Non-LlFT`C/PBV Manager Units <br />I <br />. ....... . ....... <br />iTotal Units <br />72 <br />25H-58 <br />