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EXHIBIT 2 <br />The development team will consist of the following entities: <br />Jamboree Housing Corporation <br />Jamboree Housing Corporation <br />The John Stewart Company_ <br />Long Beach VA & Step Upon Second, Inc. <br />Architecture Design Collaborative <br />Not Applicable <br />Not Applicable _ <br />Not Applicable <br />_Lea &,Company_ <br />Partner Energy <br />Rutan and Tucker LLP <br />Novogradac & Company L_LP_ <br />Quality Development & Construction <br />B. Ability to Perform <br />HUD guidance related to this evaluation indicates that JHC's recent, similar, successful <br />experience developing and operating comparable projects may be used to assist in establishing <br />JHC's capacity to undertake a project that is requesting HOME Program assistance. <br />■ Since 1990, JHC has built a $1.1 billion asset portfolio that includes the development of <br />and/or ownership interest in more than 8,300 housing units in more than 88 affordable <br />housing developments. <br />• JHC has 15 years of experience providing quality housing for veterans, and <br />approximately 7% of the organization's 17,000 residents are veterans. <br />• JHC has successfully completed three similar projects in Orange County utilizing HOME <br />Funds in the past 5 years. <br />■ JHC has affirmed that none of their projects have been placed into foreclosure or are at <br />risk of foreclosure. <br />C. Fiscal Soundness <br />JHC has extensive affordable housing development and asset management experience using <br />HOME funds as well as a variety of other federal funding sources. Therefore, it is determined <br />that JHC meets the financial management systems and practices required by the HOME <br />Program. <br />JHC provided audited financial statements for 2015, 2016, and 2017. The financial statements <br />demonstrate that JHC has sufficient cash -on -hand and financial strength to complete the <br />Project. <br />City of Santa Ana Underwriting & Subsidy Layering Review: Veteran's Village Page 1 15 <br />25L-25 <br />