Affiliates

Ohio Capital Impact Corporation


Ohio Capital Corporation for Housing created the Ohio Capital Impact Corporation (OCIC), a new 501(c)(3) nonprofit affiliate, to administer its philanthropic activities, specifically targeted to benefit neighborhoods and residents where OCCH has investments in affordable housing.

Since the fund's inception in 2013, OCIC has awarded more than $1.5 million in grants to partners for activities and programs that seek to assist residents in reaching their full potential by developing programs that enhance their educational and economic opportunities and that focus on neighborhood development. The OCIC has been capitalized with more than $6 million and funded through OCCH's retained earnings with support from several of OCCH's corporate investors; most notably KeyBank, Chase, and Huntington Bank.

The OCIC targets four areas of impact: Residents, through the Carol Mount Peterson Resident Development Fund; Neighborhoods, through the Place-Based Strategies Fund; Partners, through the Capital for Partners Program; and CPO Residents, through the Community Properties Impact Fund.

Carol Mount Peterson Resident Development Fund

Last year, the OCIC awarded 53 grants totaling more than $1 million in competitive funding through the Carol Mount Peterson Resident Development Fund providing grants up to $30,000 to partners for the development of programs such as summer camp for residents' children, health services, financial literacy training, job readiness training, after school activities, and much more.

 

Place-Based Strategies Fund

Through the Place-Based Strategies Fund, more than $500,000 was awarded to organizations that sought to impact their neighborhoods and communities through projects such as the creation of walking trails in communities, public art projects, community gardens and urban agriculture, commercial revitalization projects, and much more. These grants, averaging $30,000 or less, assist local partners in their efforts to improve neighborhoods and revitalize communities.