Ohio Capital Corporation for Housing (OCCH) was honored by the Institute of Real Estate Management (IREM) with a Real Estate Management Excellence (REME) award for Innovation for the creation and implementation of a Resident Impact Emergency Fund.
The REME Awards recognize organizations and individuals making an impactful difference in the real estate management industry. The IREM Innovator Award recognizes a real estate management company for successful implementation of a new, original, creative, or advanced program or initiative that has made an impact on the real estate management profession.
This year, in the midst of the global COVID-19 pandemic, OCCH in partnership with its investors, established a Resident Impact Emergency Fund, committing $1.8M in short-term grants to owners and operators of affordable housing properties. These funds are used for rental assistance, so that residents impacted by this crisis will receive relief without the fear of being displaced during these unprecedented times.
The effects of COVID-19 have been especially challenging for the low-income rental households OCCH serves. As the nation continues to adapt to the ever-changing Covid-19 environment, OCCH remains committed to providing resources necessary to prevent housing instability and homelessness while ensuring residents remain healthy and safe.