Ohio Capital Corporation for Housing (OCCH) Closes Record $306 Million LIHTC Fund
(Columbus, Ohio) --- The Ohio Capital Corporation for Housing, a nonprofit financial intermediary of low income housing tax credits, announced the closing of Ohio Equity Fund for Housing XXVI (OEF XXVI) at $306 million—OCCH’s largest equity fund to date.
The capital for OEF XXVI came from 26 investors, including 6 new investors and 20 who have invested with OCCH in previous equity funds. OEF XXVI will provide over 3,100 affordable housing units through 27 projects in Ohio, 9 projects in Kentucky, and 1 in Pennsylvania.
“OCCH has been fortunate to retain and grow a stable base of investors throughout the years who are committed to strengthening and developing vibrant, sustainable, and affordable communities,” said Hal Keller, OCCH President. “This substantial $306 million investment is paramount to creating and preserving homes that make a difference to the quality of life in our communities in Ohio, Kentucky and Pennsylvania. We are grateful to our investors and the record equity that will finance much needed housing.”
Headquartered in Columbus, Ohio, OCCH has raised more than $3.7 billion in equity investment, financed more than 40,000 affordable housing units, and assisted in the creation of 750 affordable housing developments for families, seniors, and special needs populations.
Ohio Capital Corporation for Housing (OCCH) is an independent, non-profit corporation created in 1989. OCCH has raised more than $3.7 billion in corporate equity for LIHTC projects involving more than 750 transactions and 40,000 units of affordable housing in Ohio, Kentucky, Indiana, Pennsylvania and West Virginia. OCCH has an affiliated property management and supportive services organization, Community Properties of Ohio Management Services, a lending subsidiary, Ohio Capital Finance Corporation, a certified Community Development Finance Institution (CDFI) and a member of the Federal Home Loan Bank of Cincinnati and a philanthropic affiliate, Ohio Capital Impact Corporation.