Jonathan Welty, President of Ohio Capital Finance Corporation, was elected to the FHLB Cincinnati Board of Directors. He will serve a four-year term commencing January 1, 2020 and expiring December 31, 2023. Jon is President of the Ohio Capital Finance Corporation, an affiliate of OCCH, and a certified CDFI entity, where he directs the activities of the collective $130M+ of loan capital dedicated to affordable housing lending. He is instrumental in the creation, development and implementation of 5 loan funds which have provided over $500M of capital to over 600 borrowers.
Jon is the Investor Relations contact for OCCH where he is responsible for establishing and closing the Ohio Equity Funds as well as assisting the investors in all aspects of the due diligence and closing process. Previous to that, he directed the Year 15 disposition strategies for OCCH and provided technical assistance to various partners in understanding and developing disposition plans. Prior to joining OCCH, Jon worked for the Banc One Community Development Corporation (nka JPMorgan Capital) where he was actively involved in the originating, underwriting and closing of equity and debt transactions.
Jon serves as the Secretary/Treasurer and Board Member for the Community Development Collaborative of Greater Columbus, is a Trustee of the Community Shelter Board, and a member of the Columbus and Franklin County Continuum of Care and the Ohio Preservation Compact. He also serves on WesBanco’s and Key Community Development Corporation’s New Market Tax Credits Advisory Boards. Congratulations Jon!