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25L - AGMT VETERANS VILLAGE PROJ
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25L - AGMT VETERANS VILLAGE PROJ
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8/16/2018 7:24:30 PM
Creation date
8/16/2018 7:21:17 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
25L
Date
8/21/2018
Destruction Year
2023
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EXHIBIT 2 <br />over 15 years and is currently the largest developer and supportive services provider for Orange <br />County residents suffering from homelessness and mental illness. <br />Over 25 years, JHC has assembled a $1.1 billion asset portfolio including more than 8,200 <br />homes across California serving over 18,000 residents. Currently, the organization has a total of <br />$280 million in affordable housing projects in the development pipeline. Among the <br />organization's newer projects are affordable residential communities in the cities of EI Monte, <br />Claremont, Brea, Buena Park, Irvine, Garden Grove, Anaheim, and Riverside. <br />JHC has extensive experience working closely with local stakeholders and local officials to <br />develop projects that will strengthen and revitalize communities. Following project <br />development, JHC's 55+ year ownership structure ensures that projects are managed <br />effectively and remain in compliance in the long-term. <br />The following provides an assessment of the experience and the capacity of JHC to implement <br />the Project as well as the fiscal soundness of JHC to meet its financial obligations and risks of <br />the Project. <br />A. Development Team <br />JHC's mission is to deliver quality affordable housing and services that transform lives and <br />strengthen communities. JHC develops, acquires, renovates and manages affordable rental and <br />ownership housing while providing a continuum of social services to residents. The <br />organization's Development team is experienced in new construction, as well as acquisition and <br />rehabilitation of existing structures, while the Asset Management team provides effective <br />property management and programming following project completion. <br />JHC is a CHDO certified at the State and County level as well as by various California cities. <br />OCCHC's Board members are professionals in real estate and related fields. <br />JHC is headquartered in Irvine and the staff works alongside various advisors and consultants in <br />the development and management process. The Development Team involved in the Project <br />will include the following: <br />1. Laura Archuleta, President — Prior to joining JHC in 1999, Laura Archuleta held positions <br />in the public sector where she was responsible for the development and preservation of <br />thousands of affordable homes throughout California. She has worked for the cities of <br />Garden Grove, Anaheim and Cypress, and served as Deputy Redevelopment Director for <br />the City of Palmdale. She serves on the board of California Housing Consortium and <br />Building Industry Association of Orange County. Laura holds a bachelor's degree in <br />Criminal Justice and a master's degree in Public Administration from California State <br />University, Fullerton. <br />2. Marcy V. Finamore, Executive Vice President/Chief Financial Officer— Prior to joining <br />JHC in 2001, Marcy Finamore was Assistant Asset Manager and Financial Analyst for <br />Western National Properties, a property management and investment company, and <br />City of Santa Ana Underwriting & Subsidy Layering Review: Veteran's Village Page 113 <br />25L-23 <br />
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