A Letter from the President and CEO

A collective commitment to housing

Dear Partners,

As I reflect on 2022, I am pleased to share that it was another successful year for Ohio Capital Corporation for Housing (OCCH) and our partners. Together, we have continued our mission of advancing the preservation, production, and management of affordable housing through collaborative partnership and innovative thought leadership.

Highlights of the year include:

• We raised $447M in investor capital and invested $437M in 44 new projects.

• We celebrated $1 billion in investments with our partner, Huntington Bank, further solidifying their commitment to housing within the communities we serve.

• In its 20th year of work, our affiliate, Ohio Capital Finance Corporation (OCFC) closed over $146M in loans and received $12M from the CDFI Fund’s Capital Magnet Fund Program.

• Our property management affiliate, CPO Management, celebrated 20 years of service to our residents, and managed 2,500 affordable units throughout the state of Ohio.

• In partnership with our impact investors, Ohio Community Impact Corporation (OCIC), granted nearly $2.3M in funds to support youth summer camps, scholarships, and other partner and resident focused initiatives.

• Culturally, we made great strides around Diversity, Equity, and Inclusion (DEI) by completing three all staff trainings on topics such as Unconscious Bias, Allyship, and Understanding the Legacy of Racism and Discriminatory Practices in Community Development – further ensuring OCCH is a diverse, equitable, and inclusive place to work and partner with.

• We grew our leadership team with the addition of an Executive Vice President of Corporate Strategy, who will lead the strategic planning process for OCCH.

• Our training platform, the Affordable Housing Training Academy (AHTA), now offers over 250 courses representing over 180 hours of training content.

These accomplishments would not be possible without the dedication of our staff, trust from our development and investment partners, and support from public housing authorities, and local, state, and federal government legislators.

As we continue our important work into 2023 and beyond, we recognize the challenges facing our industry. Rising interest rates, economic uncertainty, and volatility within the banking community, paired with potential CRA reform have made this a particularly challenging time for all. However, we believe that this is our time to rise to the occasion – to advocate for policies that move housing forward, remain diligent with our investors’ capital, and to be a conduit of resources to our developers as we navigate the ever-evolving environment. This is our time to collectively re-commit to housing, and the value it brings not only to our residents, but our communities and regions.

Thank you to the OCCH team for their contributions throughout the year, our Board of Directors for their expertise and guidance, and our investors and developers for their trust and partnership. I look forward to another successful year and to continue doing the vital work of ensuring housing is accessible to all.

In partnership,

Catherine Cawthon
President & CEO

Our Team

OCCH is comprised of independent strategists, working together to support each other and our mission, through collaboration with our partners. Our results driven team of experts, provides stability, and expertise to our partners.

Commitment to Diversity, Equity & Inclusion
OCCH is committed to being an employer that welcomes all people, and we strive to be a place of inclusion and belonging. We seek to understand and embrace the rich and diverse backgrounds that make us each unique – our passions, cultures, perspectives, identities, and challenges.

We believe different thoughts, opinions, and life experiences do not just benefit our teams; they lead to greater innovation and better outcomes for our partners and the communities we serve. Beyond our vision of creating a world where stable, affordable housing is available to all, we aim to challenge biases; and we stand in solidarity with our employees and communities to address and eliminate injustices.

We are intentional about cultivating diversity, equity and inclusion in our workplace and partnerships, and we have a dedicated team focused on transforming the way we do business - through representation, education, allyship, and opportunity.

Senior Leadership

Catherine Cawthon

President and CEO

Tony DiBlasi

Executive Vice President, Asset Management and Operations

Jay Hartranft, Esq.

Executive Vice President, Legal Services & General Counsel

Chad Ketler

President and CEO, Community Properties of Ohio

Brian Langmeyer

Executive Vice President of Development

Jennifer Mullaney, CPA

Chief Financial Officer

Jennifer Seamons

Executive Vice President, Capital Markets

Marcus Vivona

Executive Vice President, Corporate Strategy

Jonathan Welty

Executive Vice President of OCCH, President of Ohio Capital Finance Corporation

Asset Management & Operations

Christy Abdella

Asset Manager

Sharon Alban

Administrative Assistant

Bryan Bates

Software Engineer

Raymond (Buddy) Butler

LMS Platform Manager & Senior e-Learning Developer

Mike Dant, CPA

Asset Manager

Joe Erdeljac

Construction Manager

Susan Goss

Client Relationship Manager

Granville Harris

Manager of IT

Mike Hennessee

Systems Administrator

Chris Ledwin

Senior Asset Manager

Kip Lewis

Director of Construction Management

Royce Lewis

Vice President, Asset Management

Tina Limo

Senior Compliance Specialist

Kevin Malpass

Construction Coordinator

Hilary Marshall

Director of Operations, Communications and Events

Sam Merkle

Senior Vice President, Director of Asset Management

Amber Moody

Compliance Coordinator

Isabella Moreno

Construction Administrative Assistant

Janice Rausch

Asset Manager

Mackenzie Rawlings

Asset Manager

Michael Robeson

Software Engineer

Kayla Robinson

Communications Manager

Melanie Shapiro

Director of Compliance and Training

Will Shelby

Asset Manager

Rhonda Snyder

Manager of Corporate Events and Conferences

Wolfgang Teran

Vice President, Dispositions

Lori Tillis, CPM, HCCP

Vice President, Asset Management

Anthony Tynan

Senior Asset Manager

Capital Markets

Danielle Carman

Investor Relations Officer

Eric Klipfer

Senior Vice President of Capital Markets


Pleurat Dreshaj, Esq.

Vice President, Development

Elizabeth Long

Vice President, Development

Simone Malone

Project Specialist

Tiffany Patterson

Director of Grants

Joe Pimmel

Director of Development Services & OCIC

Annie Ross

Vice President, Development


Sharon Anderson

Accounts Receivable Specialist

Frank Boggs

Fund Accountant

Betzi Cable

Accounts Payable Specialist

Lori Conrad

Treasury Manager

Jake Heady

Fund Accounting Manager

Casey Hinkle, CPA

Vice President, Corporate Accounting

Tim Prince

Corporate Accountant

Tamara Samuel

Equity Specialist

Mariama Sheriff, CPA

Fund Accounting Analyst

Blake Steenrod, CPA

Fund Accountant

Tamara Thelen

Reserve Specialist

Scott Wemer

Corporate Accounting Manager

Human Resources

Joyce Perry

Director of Human Resources

Raymara Reeves

Human Resources Generalist

Nancy Rodgers

Payroll/Employee Benefits Manager and Executive Administrator to the Board

Stephanie May, Esq.

Closing Attorney


Diane Alecusan

Director of Grants and CDFI Compliance, OCFC

Ashley Castricone

Closing Officer

Aaron Murphy

Vice President, OCFC

Jodi Stickel

Operations/Portfolio Administrator, OCFC


Keith Foster

Underwriting Analyst

Greg Kramarius

Underwriting Analyst

Anya Kulcsar

Underwriting Analyst

Ryan Schmitt

Underwriting Analyst

Patrick Weis

Director of Underwriting

Keith Wilbur

Underwriting Analyst

Board of Directors

OCCH is governed by a team of respected and diverse community leaders, dedicated to advancing affordable housing through healthy, vibrant communities, and strong supportive services. As community leaders in housing, finance, business, and real estate, our Board supports and advocates the OCCH mission while providing visionary direction and oversight.

In 2022, OCCH’s Board of Directors included the following members:

Angela Mingo, Chair

Ohio Capital Corporation for Housing Board; Ohio Equity Fund, Inc. Board

Susan E. Weaver, Vice-Chair

Ohio Capital Corporation for Housing Board; Ohio Equity Fund, Inc. Board

Thomas T. Loos, Treasurer

Ohio Capital Corporation for Housing Board; Ohio Equity Fund, Inc. Board

Jeanne Golliher, Secretary

Ohio Capital Corporation for Housing Board; Ohio Equity Fund, Inc. Board

Grady P. Appleton

Ohio Capital Corporation for Housing Board; Ohio Equity Fund, Inc. Board

Dennis S. Guest

Ohio Capital Corporation for Housing Board; Ohio Equity Fund, Inc. Board

Hal Keller

Ohio Capital Corporation for Housing Board; Ohio Equity Fund, Inc. Board

John Lee

Ohio Capital Corporation for Housing Board; Ohio Equity Fund, Inc. Board

Richard L. McQuady

Ohio Capital Corporation for Housing Board; Ohio Equity Fund, Inc. Board

Jeanne Schroer

Ohio Capital Corporation for Housing Board; Ohio Equity Fund, Inc. Board

OCCH Financials

Statement of Financial Position


Unrestricted Cash38,722,380 41,414,630

Restricted Cash27,789,067 29,053,152

Accounts Receivable (net of allowance)13,448,201 11,073,745

Office Furniture and Equipment (net of accumulated depreciation)57,151 714,695

Other Assets1,127,703 1,440,063

Investment in Operating Entities72,110,401 85,527,103

Total$153,254,903 $169,223,388

Statement of Financial Position


Unrestricted Cash



Restricted Cash



Accounts Receivable (net of allowance)



Office Furniture and Equipment (net of accumulated depreciation)



Other Assets



Investment in Operating Entities






Liabilities and Net Assets

Accounts Payable2,818,336 1,379,731

Other Accrued Expenses and Liabilities5,114,177 6,840,966

Deferred Income15,457,732 15,699,196

Project Partnership Cash Reserves1,154,862 987,566

Mortgage and Other Notes Payable16,299 15,299

Grants Payable 47,013 -

$24,608,419 $24,922,758

NET ASSETS$128,646,484 $144,300,630

Total$153,254,903 $169,223,388

Liabilities and Net Assets

Accounts Payable



Other Accrued Expenses and Liabilities



Deferred Income



Project Partnership Cash Reserves



Mortgage and Other Notes Payable



Grants Payable











Statement of Activities (December 31, 2022 - unaudited, 2021 - audited)


Acquisition and Consulting Fees22,506,786 22,354,402

Other5,162,594 5,602,020

Total$27,669,380 $27,956,422

Statement of Activities (December 31, 2022 - unaudited, 2021 - audited)


Acquisition and Consulting Fees










Program Services22,160,045 22,122,703

General and Administrative3,593,780 3,601,370

Loss (Gain) from Investments in Affiliated Entities(3,708,542)(13,421,797)

Total$22,045,283 $12,302,276

Change in Net Assets$5,624,097 $15,654,146


Program Services



General and Administrative



Loss (Gain) from Investments in Affiliated Entities






Change in Net Assets