OCCH Closes $81.5 million into $270 million Fund


August 13, 2018 – The Ohio Equity Fund XXVIII held an initial closing of $81.5 million of investor capital into a $270 million fund set for final closing in mid-September. This private capital will provide funding for housing developments that will create or preserve several thousand units of affordable housing in Ohio and Kentucky. To date, OCCH has raised over $4 billion in equity investment, financed more than 45,000 units of affordable housing, and assisted in the creation of more than 800 housing developments for families, seniors, and special needs populations.

Nine investors provided capital to OEF XXVIII and include: Huntington Community Development Corporation, BB&T, Park National Corporation, Peoples Bancorp Inc., Home Savings Bank, Civista Bank, LCNB National Bank, Cortland Savings and Banking Company, and RiverHills Bank.

 

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