The demand for affordable housing continues to grow, and through strategic partnerships OCCH is creating innovations that advance affordable housing investment and development within our footprint to ensure that stable, affordable housing is available to all. Through collaborations with our partners, we are driving the research, technology and policy agendas within our industry, assuring win-win partnerships to meet future challenges.
Our mission is to advance the preservation, production, and management of affordable housing through collaborative partnership and innovative thought leadership. We envision a world where stable, affordable housing is available to all, and the residents and communities we serve feel supported and empowered to grow and thrive.
We are passionate about what we have already done and what we, together with our partners, can achieve in the future to provide affordable housing opportunities, enhanced by supportive services, to build sustainable communities that provide greater opportunities and empowerment in the lives of our residents.
We envision a world where stable, affordable housing is available to all, and the residents and communities we serve feel supported and empowered to grow and thrive. Our mission is to advance the preservation, production, and management of affordable housing through collaborative partnership and innovative thought leadership.
And so we began 2020 at Ohio Capital Corporation for Housing. We are pleased to share our Annual Report, which describes 2019 as a record year of delivering equity and debt capital, grants, and property and asset management to create impact:
• $400,000,000 invested in 53 LIHTC projects;
• $87,750,000 in 48 loans closed;
• 3,000 units under management;
• 325 property management and maintenance workers trained at M2CON; and
• 900 low-income children sent to summer camp; 30 college scholarships awarded totaling $995,000.
We have adopted a refreshed vision and mission statement, grounded in our 30 years of partnership and experience with you, to propel us firmly into a new decade. It is a big vision, no doubt, but one that drives our shared work forward and makes us excited about tomorrow.
But what does that mean for you? As we work to build our strategic plan, we have also worked with consultants to help us think through how we do what we do, and how we can do it better and more efficiently, with an eye toward ensuring you have a consistently great experience partnering with OCCH. From updated procedures and policies to new technologies and services, we want to simplify some of how we work with you, while maintaining the innovative flexibility on which you have come to rely. The onset of the COVID-19 crisis has not derailed this effort.
We are doing this now, in this uncertain time, because the need for quality affordable housing is great and becoming greater. Because together, we need to keep getting better at using the tools we have, innovating new solutions, stretching our resources farther, and achieving more. Because, especially today, you, our partners, are depending on OCCH, just as you have since 1989. Thank you for your confidence and trust. Together, we rise.
Our mission is at the heart of everything we do, and our staff of empowered individuals bring expertise and innovation to our partners to help them succeed in their missions. We put our partners first by building strong, enduring relationships, and by providing stability and solutions in times of change. We are proud to help create viable, stable communities that help families and individuals thrive.
President and CEO
Chief of Asset Management
Chief of Development
CPA, Chief Financial Officer
Director of Policy and Programs
Vice President of Human Resources
Vice President OCCH, President of Ohio Capital Finance Corporation
Chief Operating Officer
President and CEO, Community Properties of Ohio
E-Learning Strategist and Multimedia Designer
CPA, Asset Manager
Senior Asset Manager
Senior Compliance Specialist
Director of Compliance and Training
Director of Dispositions
Vice President of Asset and Risk Management
Vice President of Development
Vice President of Development
Assistant Development Analyst
Senior Development Analyst
Vice President, Development
Accounts Receivable Specialist
Accounts Payable Specialist
CPA, Vice President, Corporate Accounting
Program Manager, Ohio Homeowner Assistance
Vice President, Fund Accounting
Director of Construction Management
Director of Underwriting
Vice President of Affordable Housing Lending
Vice President of Community Development Lending
Lending Program Specialist
Help Desk Support Specialist
Director of Operations and Communications
Human Resources Coordinator
The OCCH Board of Directors provides foresight, oversight, and insight in ensuring a sustainable future for OCCH while fulfilling its mission. The Board is comprised of knowledgeable and experienced community leaders who are prominent experts in their respective fields and the affordable housing industry.
Retired, Former Executive DirectorCommunity Housing Network, Inc.
Community Relations DirectorNationwide Children's Hospital
President & CEO Cincinnati Development Fund
Retired CPA, formerly with RSM McGladrey
Retired, Former President & CEOEANDC*Ohio Equity Fund, Inc., Board only
Retired, Former Executive DirectorColumbus Metropolitan Housing Authority
Retired, Former President & CEOEhrlich Bober & Co
Director, Office of Affordable HousingCity of Lexington
President & CEOCatalytic Development Funding Corp. of Northern Kentucky
Accounts Receivable (net of allowance)1,160,958764,163
Office Furniture and Equipment (net of accumulated depreciation)127,817172,730
Investment in Operating Entities42,618,54756,336,201
Accounts Receivable (net of allowance)
Office Furniture and Equipment (net of accumulated depreciation)
Investment in Operating Entities
Other Accrued Expenses and Liabilities4,493,1055,585,771
Project Partnership Cash Reserves1,825,0551,825,055
Mortgage and Other Notes Payable19,59918,699
Other Accrued Expenses and Liabilities
Project Partnership Cash Reserves
Mortgage and Other Notes Payable
Acquisition and Consulting Fees14,081,22620,459,204
Acquisition and Consulting Fees
General and Administrative3,065,6143,643,142
Loss (Gain) from Investment in Affiliated Entities(5,766,824)(13,422,033)
Change in Net Assets$9,436,675$17,174,290
General and Administrative
Loss (Gain) from Investment in Affiliated Entities
Change in Net Assets