OCCH has invested more than $5 billion in locally driven, sustainable affordable housing developments throughout Ohio, Kentucky, Indiana, Pennsylvania, and Tennessee.
Through our work with our partners, we stimulate neighborhood transformation, promote resident self-sufficiency, and create opportunities that deliver the most impact to our residents in their homes and communities.
Affordable Housing Units
OCCH is well capitalized, with a deep bench of market intelligence and financial strength. We provide the capital to build, change, and revitalize communities, while helping partners meet their business goals and missions so they can stay focused on doing what they do best.
We believe in the power of relationships and doing things the right way to create deeper collaborations and true partnerships that make a difference in our work and impact together.
We are grateful to the Ohio Equity Fund XXX Investors, including the Impact Investors who commit a percentage of their equity investment to the Ohio Capital Impact Corporation (OCIC). OCIC administers all philanthropic activities that benefit our residents and neighborhoods.
JPMorgan Capital Corporation$90,000,000
Key Community Development Corporation ☆$30,000,000
US Bank Community Development Corporation$25,000,000
Park National Bank$10,000,000
WesBanco Bank ☆$7,000,000
Premier Bank ☆$6,000,000
Republic Bank ☆$5,000,000
Stock Yards Bank & Trust Company$5,000,000
First Financial Bank ☆$3,000,000
LCNB National Bank$3,000,000
Civista Bank ☆$2,000,000
Citizens Union Bank*$1,000,000
Farmers & Merchants State Bank$1,000,000
The Union Bank Co.$1,000,000
First National Bank of Pandora$500,000
First State Bank ☆$500,000
Hocking Valley Bank$500,000
RiverHills Bank ☆$500,000
At OCCH, we are leveraging our investor’s capital in affordable housing, providing stability to vulnerable populations to build on a better tomorrow. In 2020, OCCH continued to push developments forward and closed $398 million of investment into 48 projects. By providing access to affordable housing, together we build change, revitalize communities, and create healthy neighborhoods that empower residents and help them thrive.
Units Constructed or Rehabilitated
OCCH’s unique level of technical services provided to our partners and our innovative solutions to assist partners in structuring strong deals and delivering sustainable projects has resulted in more than 50,000 affordable homes in our portfolio. We are committed to the creation of vibrant, sustainable housing that transforms communities and changes people’s lives.
Beecher Terrace I is the new construction of the first of five phases of a mixed-income, multi-generational transformation plan that received an FY2017 Choice Neighborhoods Initiative Implementation Grant through the US Department of Housing and Urban Development. The Transformation Plan includes razing 758 distressed public housing units and constructing 620 mixed-income rental and homeownership units, connecting residents to adjoining neighborhoods.
The first phase, Beecher Terrace I, is a 117-unit, 4-story senior community developed by McCormack Baron Salazar in partnership with the Louisville Metropolitan Housing Authority. The community includes a mix of one and two-bedroom garden/flat apartments within walking distance of a variety of community services for residents.
Each home features a combined living/dining area, central air conditioning, celling fans, dishwasher, and cable and internet wiring. Other amenities include an on-site management office, central laundry facilities, several community rooms with activity and leisure areas, including a kitchen, and a business center. Residents will have access to various supportive services through a resident coordinator and service liaison, including wellness programming, family support, and resident activities.
Funding for Beecher Terrace I included bonds issued by Kentucky Housing Corporation and underwritten by Red Capital Group; a Choice Neighborhood Implementation grant by HUD awarded to the Louisville Metropolitan Housing Authority; a bridge loan provided by Ohio Capital Finance Corporation; and an equity investment of $11.8 million provided by Ohio Capital Corporation for Housing.
Model Property Development, Preservation of Affordable Housing (POAH), and Cincinnati Union Bethel teamed up to develop the Cincinnati Scholar House, a proven unique transitional-living program that equips low-income single parents with the support needed to complete a post-secondary degree to improve work opportunities. Modeled after a concept that began in Lexington, Kentucky, The Cincinnati Scholar House houses student parents enrolled in full-time coursework at an affiliated post-secondary educational institution. Cincinnati State, Xavier University, and Chatfield College are partnering with the Scholar House in the program. As part of the program, residents’ children receive on-site early care and education while the parent is in class.
Cincinnati Scholar House provides 44 two-and three-bedroom homes in a five-story building located in the Walnut Hills neighborhood close to downtown Cincinnati. The large residential units feature open floor plans, fully equipped kitchens, washer/dryers, and dishwashers. Cincinnati Scholar House also includes 5 classrooms for childhood development, two multipurpose classrooms, a 3,884 square foot playground, a computer lab, fitness center, conference room, and 2,000 square feet of white box retail space, all of which are located on the ground floor. Cincinnati Union Bethel provides supportive services to residents, including child care and education and adult support programs.
Cincinnati Scholar House was developed using Low Income Housing Tax Credits and the Multifamily Lending Program administered through the Ohio Housing Finance Agency. Other funding sources include Chase Bank and the Federal Home Loan Bank of Cincinnati; Cincinnati HOME funds; and loans through the Ohio Capital Finance Corporation. An equity investment of $10 million was provided by OEF Fifth Third Fund VI through Ohio Capital Corporation for Housing.
Marsh Brook Place is 40 units of permanent supportive housing serving Columbus’ highest need homeless population—youth aged 18-24. Developed by Community Housing Network in partnership with Huckleberry House, Marsh Brook Place’s target population will benefit from a non-time limited supportive housing approach with youth-centered services, a model previously unavailable in Columbus. Marsh Brook Place will provide quality supportive housing for families with heads of households who are disabled, age 18-24 and homeless or at risk of homelessness.
Located approximately 10 miles southeast of downtown Columbus, Marsh Brook Place offers on-site management, a community activity room, therapeutic/counseling room, computer center, picnic area, outdoor playground, community kitchen, and laundry facilities for residents. Each home offers a furnished unit with central air conditioning, window blinds, and intercom access. Huckleberry House also provides voluntary supportive services to residents, including financial literacy programs, mental health counseling services and case management, life skills training, linkage to job training and employment services, and health and wellness programs.
Marsh Brook Place was developed using a combination of Low-Income Housing Tax Credits and a loan administered through the Ohio Housing Finance Agency. Other funding sources include Huntington Bank; HOME funds from Franklin County and the City of Columbus; Affordable Housing Trust for Columbus and Franklin County funds, and Federal Home Loan Bank of Cincinnati funds. An equity investment of $6.7 million was provided by Ohio Capital Corporation for Housing.
Middlebury Commons, a 40-unit senior community in Akron, Ohio received a 2020 Affordable Housing Finance Reader’s Choice Award for outstanding senior housing. Developed by East Akron Neighborhood Development Corporation (EANDC), Middlebury Commons consists of a 3-story, mixed-use community providing homes for 55 and older households with incomes of up to 30%, 50% and 60% of Area Median Household Income as well as units with a HUD Section 811 PRAC subsidy to very low-income individuals with disabilities.
Middlebury Commons offers a variety of amenities to residents, including an outdoor garden, bike racks, fitness center, computer center, community room, laundry facilities and on-site management. Homes included an intercom and alarm, central air conditioning, celling fans, window blinds, and Energy Star rated appliances. The project was built to meet Enterprise Green Standards and includes a Bioswale/Rain Garden. Supportive services including transportation, home health services referrals, financial literacy, and other programs are available to residents.
Middlebury Commons was developed using a combination of Low-Income Housing Tax Credits and a loan administered through the Ohio Housing Finance Agency. Other funding sources include Huntington Bank; City of Akron HOME funds; Akron Community Revitalization Fund; Federal Home Loan Bank of Cincinnati; Ohio Capital Finance Corporation; and NeighborWorks America. An equity investment of $9 million was provided by Ohio Capital Corporation for Housing.
Ransdell Living and Learning Center is the rehabilitation of a 16-unit residential affordable housing development designed to house those with an autism spectrum disability. Developed by Housing Assistance and Development Services, Inc. (HANDS), the project contains 14 two-bedroom and 2 three-bedroom homes comprised of townhomes and garden style units.
Western Kentucky University’s Kelly Autism Program is partnering with Ransdell Living and Learning Center to refer residents and provide housing for its clients with Autism Spectrum Disorder (ASD). The Kelly Autism Program is a unique and nationally recognized program designed to assist those diagnosed with ASD or other developmental delays as they strive toward a better quality of life and a goal of self-sufficiency. The Program will assist with daily living skills and employment skills, enabling those individuals diagnosed with ASD and attending the University to obtain a degree, become self-sufficient, and obtain employment.
Ransdell Living and Learning Center was developed using a combination of Low-Income Housing Tax Credits through Kentucky Housing Corporation. Other funding sources include Franklin Bank & Trust; an Affordable Housing Trust Fund loan; and a Western Kentucky University Foundation Grant. An equity investment of $2.1 million was provided by Ohio Capital Corporation for Housing.
Cincinnati MHA developed Sutter View Apartments in 1960 and recently completed an extensive rehabilitation of the 114 units through the RAD (Rental Assistance Demonstration) program. Converted from Public Housing Section 9 to Project-Based Section 8 under a new HAP contract, Sutter View Apartment’s rehabilitation allowed for substantial improvements to units, safety features and accessibility.
Sutter View Apartments includes outdoor areas, playgrounds, and new paths for increased walkability in the community. Amenities include new energy star appliances, air conditioning, washer/dryer hookups, carpeting, blinds, and large closets. All homes have a rear patio or balcony. Touchstone Property Services, Inc., an affiliate of CMHA, provides supportive services to the residents.
Sutter View Apartments was developed using Bonds administered through the Ohio Housing Finance Agency and underwritten by Lument. Other funding sources include Ohio Capital Finance Corporation; U.S. Department of Housing and Urban Development; and Cincinnati MHA. An equity investment of $11.8 million was provided by Ohio Capital Corporation for Housing.
Rowan Apartments is the new construction of 36 units of affordable family housing in Parkersburg, West Virginia. Developed by Spire Development, Inc. and Fairfield Homes. Inc., Rowan Apartments offers housing for families and seniors, designed to create an intergenerational community.
Rowan Apartments features on-site management, an activity room, a community lounge, fitness center, playground, computer/business center, walking/bike trail and transportation for residents. Social services are also provided to the community and include computer and software training classes, financial literacy and family services, and health and wellness resources. Homes feature Energy Star appliances, in-unit washer and dryers, central air conditioning, and walk-in closets.
Rowan Apartments was developed with funds from the West Virginia Housing Development Fund. An equity investment of $6.4 million was provided by Ohio Capital Corporation for Housing.
Buckeye Community Hope Foundation developed Shepard Crossing, a 50-unit development for families in Part Clinton, Ohio. The townhome style development includes eight units that are fully handicapped accessible and offers a mix of two-and three-bedroom units.
Shepard Crossing includes outdoor areas with a playground, picnic area, and a community garden. Other features include a community building with kitchenette, on-site management, laundry room, fitness room and computer area. All homes contain energy star rated appliances and fixtures, wash/dryer hookups, and have open floor plans. All homes have an attached garage. Buckeye Community Hope Foundation is partnering with local agencies to provide supportive services to the residents. These include early childhood education, before and after-school care, financial literacy training, job training, and transportation.
Shepard Crossing was developed using a combination of Low-Income Housing Tax Credits and a loan administered through the Ohio Housing Finance Agency. Other funding sources include Ohio Capital Finance Corporation and Bellwether Enterprise. An equity investment of $8.1 million was provided by Ohio Capital Corporation for Housing.