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EXHIBIT 3 <br />Aqua Housing <br />Project Schedule <br />Milestone Date <br />City RFP Award of 25 Project Based Vouchers 4/4/2017 <br />Planning Commission Approval of Entitlements 5/22/2017 <br />Estimated 9% Tax Credit Application Submittal 6/28/2017 <br />Estimated Escrow Land Closing 6/29/2017 <br />Estimated PBV AHAP Executed 11/15/2017 <br />Estimated Construction Start 2/15/2018 <br />Estimated Construction Completion 4/1/2019 <br />65A-15 <br />