Ohio Capital Corporation For Housing

Description

• The Ohio Capital Corporation for Housing (OCCH) is a nonprofit financial intermediary based in Columbus, Ohio that works with private and public developers to create affordable housing opportunities. OCCH is an independent nonprofit organization with its own board of directors. Its mission is to cause the construction, rehabilitation, and preservation of affordable housing in Ohio. OCCH's core activity is raising private capital from corporations for investment in affordable housing developments utilizing the Low-Income Housing Tax Credit Program. As a syndicator of these tax credit transactions, OCCH performs long-term asset management and related activities for its investors, developers, and property managers. OCCH has raised over $3.25 billion in private capital and invested in over 35,000 units of affordable housing in over 700 developments.OCCH has a lending arm, the Ohio Capital Finance Corporation (OCFC), which offers products such as predevelopment and acquisition loans to enable affordable housing development. Since its creation in 2002, OCFC has made over 290 loans totaling $125 million in production to assist in the creation, rehabilitation and/or preservation of more than 15,000 affordable housing units.OCCH created Community Properties of Ohio Management Services (CPO) in 2003 for the specific purpose of turning around a troubled portfolio of over 1,000 affordable units spread around seven Columbus neighborhoods. After a $100 million renovation effort, CPO continues to stabilize and maintain the portfolio with a hybrid of real estate management and focused supportive services. Leveraging their management expertise, CPO also manages additional units for OCCH partners.OCCH is committed to building stronger communities and enhancing the lives of the people we serve.
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  Headquarters:88 East Broad Street Suite 1800, Columbus, Ohio, United States

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  Phone Number: +1 614-285-4090

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  Website: https://www.occh.org

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  Employees:71

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  Revenue:$10 - 50M

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  Legal Name:Ohio Capital Corporation For Housing

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• |  NAICS Code: 624190  |

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