2019 Annual Report
Menu
Purposeful Development and Impact
OCCH has invested more than $4.75 billion in sustainable affordable housing development and community revitalization throughout Ohio, Kentucky, and surrounding states.
We work to support and empower our residents and improve the quality of life in the neighborhoods in which we live and serve. We work with our development partners to be catalysts for change that leads to stable and secure housing, better health and wellness, financial knowledge and improvement, and employment opportunities for all.
Equity Investment
Affordable Housing Units
Developments
Foreclosures
Affordable Housing Investment
OCCH invests capital—and experience—into helping partners meet their business goals and missions. As a trusted investment partner, OCCH is well-capitalized with a deep bench of market intelligence and financial strength. This competitive advantage allows us to provide innovative financial solutions, strong portfolio performance, and expertise in structuring deals that exceed partner expectations.
Investment Partnerships
OCCH is the partner of choice for our investors, many of whom have been working with OCCH for over 30 years. We believe in the power of relationships and doing things the right way to create deeper collaborations and true partnerships that make a difference in our work and impact together.
We are grateful to the Ohio Equity Fund XXIX Investors, including the Impact Investors who commit a percentage of their equity investment to the Ohio Capital Impact Corporation (OCIC). OCIC administers all philanthropic activities that benefit our residents and neighborhoods.
2019 OHIO EQUITY FUND XXIX INVESTORS
INVESTORSAMOUNT INVESTED
JPMorgan Capital Corporation$90,000,000
Private Investment$45,000,000
Huntington Community Development Corporation ☆$30,000,000
US Bank Community Development Corporation$30,000,000
Key Community Development Corporation ☆$25,000,000
Fifth Third Community Development Corporation ☆$15,000,000
Republic Bank ☆$11,500,000
Park National Bank$10,000,000
WesBanco Bank ☆$7,000,000
Community Trust Bank$5,000,000
First National Bank of PA$5,000,000
Peoples Bank$5,000,000
United Bank$5,000,000
FC Bank/CNB Bank$3,000,000
Home Savings Bank$3,000,000
First Federal Bank of the Midwest ☆$3,000,000
First Financial Bank ☆$3,000,000
Heritage Bank ☆$3,000,000
City National Bank$2,000,000
Civista Bank$2,000,000
LCNB National Bank$2,000,000
First Commonwealth Bank*$1,500,000
Cortland Bank$1,000,000
Farmers & Merchants State Bank*$1,000,000
First Federal Community Bank*$1,000,000
The Union Bank Co.*$1,000,000
Unified Bank$1,000,000
CFBank ☆$500,000
RiverHills Bank ☆$500,000
Total$312,000,000
*New OCCH Investor
☆ Impact Investors
Investing for Our Future
OCCH takes pride as a catalyst for positive social impact in neighborhoods and communities, and in providing opportunities for the futures of our residents. By leveraging our investors’ commitments in affordable housing, we are providing homes, changing lives, revitalizing neighborhoods, creating jobs, and contributing to the health and well-being of society.
Projects Closed
Units Constructed or Rehabilitated
Investments Made
Ohio Portfolio
OCCH is committed to our core business and mission—creating opportunities for working families, seniors, and special needs populations in rural, urban, and suburban communities to obtain affordable, stabilizing housing. We go where our partners take us to have the most impact for the most people.
Stabilized
Leasing / Construction
In Development
Kentucky Portfolio
Stabilized
Leasing / Construction
In Development
Welcome Home
Home is a feeling of belonging, a place where you can be yourself, a place where you can age in comfort, a place where your children can find security and stability. OCCH works with caring, experienced, and innovative partners who create affordable homes for just these reasons.
Our portfolio includes homes for seniors, families and special needs populations, and includes workforce housing, housing for student parents attending college, housing that transitions youth from foster care, recovery housing with a rehabilitation component, and even unique yurt-style homes.
Home is a place that is with you always, and we welcome you.
The Wilds at Harvest Rose
Energy-Efficient Unique Yurt-Style Homes for Seniors | Ravenna, Ohio
The Wilds at Harvest Rose is a unique senior housing community in Ravenna, Ohio, designed after the traditional yurt-style homes used by Central Asia for at least 3,000 years. The aerodynamic design of the yurts provides energy-efficient capabilities; and the homes were designed to conserve water and energy, utilizing materials that complement the natural surroundings.
Developed by Neighborhood Development Services, Inc., the community includes 45 individual permanent yurt apartments: 36 two-bedroom homes and 9 one-bedroom homes. Each home features an open-concept kitchen and living area, access to natural lighting, Energy Star compliant appliances, central air conditioning, and washer/dryer hookups. Other amenities include a community building with an on-site management office, central laundry facilities, fitness center and community room; and a picnic and garden area. Residents have access to various supportive services, including meal delivery, transportation, and health screenings.
The Wilds at Harvest Rose was developed using a combination of Low Income Housing Tax Credits and a bridge loan administered through the Ohio Housing Finance Agency. Other funding sources include RiverHills Bank and NeighborWorks America. An equity investment of $8.7 million was provided by Ohio Capital Corporation for Housing.
Anna Lee Village
New Construction Family Housing | Harlan, Kentucky
Wabuck Development Company and Cumberland Valley Housing Corporation teamed up to develop Anna Lee Village, a 32-unit family housing community in Harlan, Kentucky. Anna Lee Village consists of three two-story buildings designated for families, and a community building.
The homes are walk-up style and include plank flooring, range, refrigerator, dishwasher, and washer/dryer hookups. Anna Lee Village also features a community room, a management office, work space and gathering space, and a playground. All homes have extra storage units located on the exterior sides of the residential buildings.
Anna Lee Village was developed using Low Income Housing Tax Credits administered through the Kentucky Housing Finance Agency. Other funding sources include Commercial Bank and the Federal Home Loan Bank of Cincinnati. An equity investment of $5 million was provided by Ohio Capital Corporation for Housing.
Blacklick Crossing
Suburban Family Housing | Reynoldsburg, Ohio
Blacklick Crossing is an affordable modern family housing development in the suburb of Reynoldsburg, Ohio, located across from Blacklick Woods Metro Park. Developed by Homeport, Blacklick Crossing is a new construction community of 11 buildings: 10 residential buildings consisting of 4 one-bedroom flats, 23 two-bedroom townhomes, 3 three-bedroom townhomes; and a community room. Two units are targeted to individuals referred by Creative Housing, Inc., which serves people with developmental disabilities. Residents have access to a community room, a clubhouse with fitness room, business center, playground, community garden, outdoor barbecue grills and on-site management.
Blacklick Crossing is built to Enterprise Green + 20 and DOE Zero Energy Ready standards. Each home features Energy Star compliant appliances, central air conditioning, and washer/dryer hookups. In addition, homes contain security systems, window blinds and one-car garages. Homeport also provides voluntary supportive services to residents, including financial literacy programs, home repair courses, job training, and health and wellness programs. Wallick Properties Midwest LLC provides on-site property management.
Blacklick Crossing was developed using a combination of Low Income Housing Tax Credits and a loan administered through the Ohio Housing Finance Agency. Other funding sources include RiverHills Bank, NeighborWorks America, HOME funds from Franklin County and Affordable Housing Trust for Columbus and Franklin County funds. An equity investment of $5.2 million was provided by Ohio Capital Corporation for Housing.
Carver Park Phase II
RAD Program Rehabilitated Family Housing | Cleveland, Ohio
Carver Park Phase II is the continuation of a multi-phase redevelopment project in the Central neighborhood of Cleveland, Ohio. Built in 1943 and last renovated in 2004, Carver Park II is a 74-unit townhome community spread throughout nine buildings. Converted by HUD from low income public housing to project-based rental assistance under the new RAD (Rental Assistance Demonstration) program with a Section 8 HAP contract, Carver Park Phase II’s rehabilitation allows for improvements to units, safety features and accessibility.
Developed by Western Reserve Revitalization and Management Company, the nonprofit affiliate of Cuyahoga Metropolitan Housing Authority (CMHA), and managed by CMHA, Carver Park Phase II offers a variety of amenities to residents, including a walking trail, outdoor seating areas, community building and on-site management. Renovations to the homes included new security cameras, new steel insulated doors, Energy Star rated appliances and new mechanical systems. Supportive services including transportation, home health services referrals, and other programs are available to residents. Carver Park has also been designated as a site for the implementation of the Jobs Plus pilot program awarded to CMHA and implemented in collaboration with Cleveland Central Promise and Central Choice. Residents can benefit from the program by participating in the workforce development services that Jobs Plus provides.
Carver Park Phase II was developed using a combination of Low Income Housing Tax Credits administered through the Ohio Housing Finance Agency. Other funding sources include bonds underwritten by Red Capital Group and issued by Cuyahoga MHA, RHF funds through Western Reserve Revitalization and Management Company, and a bridge loan provided by the Ohio Capital Finance Corporation. An equity investment of $7.5 million was provided by Ohio Capital Corporation for Housing.
Collingwood Green Phase III
New Construction Family Housing Replaces Toledo’s Oldest Public Housing Site | Toledo, Ohio
Collingwood Green III is the third phase of a four-phase neighborhood redevelopment effort adding public housing, affordable rental housing, and homeownership units in Toledo, Ohio. Lucas Metropolitan Housing Authority razed the former Brand Whitlock Homes, Toledo’s oldest public housing project, and its adjoining site Albertus Brown Homes, to develop all phases of Collingwood Green. The 55-unit Collingwood Green Phase III includes eight buildings comprised of two-story family townhomes and flat units for families.
Collingwood Green Phase III, located in close proximity to downtown Toledo, encompasses three city blocks and is designed to provide a walkable and pedestrian-friendly neighborhood. The development has accessibility to community spaces on the campus, which include a library, computer room, lounge, wellness center, activity room and community kitchen. Supportive services will be offered to residents through a service coordinator located onsite.
Collingwood Green Phase III was developed using a combination of Low Income Housing Tax Credits and a loan administered through the Ohio Housing Finance Agency. Other funding sources include City of Toledo, Lucas Metropolitan Housing Authority, and the U.S. Department of Housing and Urban Development. An equity investment of $9.8 million was provided by Ohio Capital Corporation for Housing.
Larimer/East Liberty Phase II
Mixed-Income Community Creates Continued Transformation of the Larimer Neighborhood | Pittsburgh, Pennsylvania
McCormack Baron Salazar, Inc., and Allies & Ross Management and Development Corporation have committed to transforming the Larimer/East Liberty neighborhood in Pittsburgh with the development of a mixed-income housing community containing 108 affordable units and 42 market-rate units. Larimer/East Liberty Phase II is a component of the Vision to Action Plan, a collaborative effort of the City of Pittsburgh, the Housing Authority of the City of Pittsburgh, and community stakeholders to transform the Larimer neighborhood through private investment. Pittsburgh received a $30 million Choice Neighborhoods grant from the U.S. Department of Housing and Urban Development that was also leveraged in the development of the project.
Larimer/East Liberty Phase II is a mix of townhomes and garden apartments, designed with a commitment to sustainable energy efficiency as well as the inclusion of green stormwater design. Amenities include on-site management, computer center, playground, intrusion alarm system, community room and fitness center. Urban Strategies, a nonprofit affiliated with McCormack Baron Salazar, provides supportive services to the residents.
Larimer/East Liberty was developed with financing from the following: Choice Neighborhood Implementation Grant through the Housing Authority of the City of Pittsburgh, Red Mortgage Capital, URA HOME funds through the Urban Redevelopment Authority of Pittsburgh, and Ohio Capital Finance Corporation. An equity investment of $10.5 million was provided by Ohio Capital Corporation for Housing.
Newberry Apartments
Former Classroom Hall on College Campus Turned into New Construction Senior Housing | Parkersburg, West Virginia
Spire Development and Fairfield Homes, Inc., partnered on their third project together, Newberry Apartments, in Parkersburg, West Virginia. This affordable senior community provides 24 homes for residents 55 and older as well as 8 homes for households 62 and older, targeting seniors with incomes of up to 40% and 60% of AMHI.
Newberry Apartments was developed on land that was formerly part of Ohio Valley Christian University. This site once held a classroom hall that was secluded from the University and abandoned as facilities were located closer to campus. The 32-unit new construction development offers on-site management, a community room with kitchenette, a business center, fitness room and lounge. Home amenities include walk-in closets, in-unit washer/dryer, window blinds and central air conditioning. Supportive services are offered to the residents from Community Resources, Inc., a local nonprofit that provides computer training classes, financial literacy and family services, nutrition training and meal services, housekeeping, healthcare and other assistance.
Newberry Apartments was developed using Low Income Housing Tax Credits administered through the West Virginia Housing Development Fund. An equity investment of $4.7 million was provided by Ohio Capital Corporation for Housing.
