Tim Prince

Ohio Capital Corporation for Housing

The Ohio Capital Corporation for Housing (OCCH) is a nonprofit financial intermediary based in Columbus, Ohio that works with private and public developers to create affordable housing opportunities. OCCH leverages private capital for the construction, rehabilitation and preservation of affordable housing. We believe that through providing affordable housing enhanced by supportive services, we can build sustainable communities that provide opportunities and empowerment in the lives of our residents. OCCH has raised over $5.3 billion in private capital and invested in over 53,000 units of affordable housing in over 900 developments. OCCH has a lending arm, the Ohio Capital Finance Corporation (OCFC), which offers products such as predevelopment and acquisition loans to enable affordable housing development. Since its creation in 2002, OCFC has made over 675 loans totaling $583 million in production to assist in the creation, rehabilitation and/or preservation of more than 29,105 affordable housing units. OCCH created Community Properties of Ohio Management Services (CPO) in 2003 for the specific purpose of turning around a troubled portfolio of over 1,000 affordable units spread around seven Columbus neighborhoods. After a $100 million renovation effort, CPO continues to stabilize and maintain the portfolio with a hybrid of real estate management and focused supportive services. Leveraging their management expertise, CPO currently manages over 2,900 units, including units for OCCH partners. OCCH created Ohio Capital Impact Corporation (OCIC) as a 501(c)(3) non-profit to extend the mission of OCCH through creative and transformative philanthropic investments. These resources are granted to partners working creatively to improve life outcomes for residents of affordable housing communities where OCCH has investments. Since 2012, OCCH has raised over $25 million for OCIC initiatives.