OHIO CAPITAL FINANCE CORPORATION

OHIO CAPITAL FINANCE CORPORATION (OCFC) IS THE LENDING ARM OF OCCH AND A CERTIFIED DEVELOPMENT FINANCIAL INSTITUTION (CDFI). THE OHIO AFFORDABLE HOUSING LOAN FUND ("OAHLF"), FORMED BY OCCH IN 2004 DURING 2020 THE INVESTORS IN THE OAHLF EXTENDED THEIR FUNDING TERM AND INCREASED CAPITAL AVAILABLE FOR LENDING TO $27 MILLION DOLLARS OF FUNDING TO DEPLOY. IN 2012, THE OCFC PNC LOAN FUND WAS FORMED AND HAS AN ADDITIONAL $5 MILLION OF FUNDING AVAILABLE. THESE FUNDS WERE ESTABLISHED TO PROVIDE A FLEXIBLE SOURCE OF CAPITAL TO BE USED BY DEVELOPMENT PARTNERS OF OCCH FOR USE AS: PREDEVELOPMENT FUNDING, ACQUISITION FINANCING AND BRIDGE FINANCING FOR PROJECTS NEARING THE END OF THEIR COMPLIANCE PERIOD. IN 2018 THE $20 MILLION SOUTHSIDE RENAISSANCE FUND WAS CREATED TO ENCOMPASS NEIGHBORHOOD TRANSFORMATION AND PRESERVE NATURALLY OCCURRING AFFORDABLE HOUSING AND PROVIDE FINANCING FOR COMMUNITY DEVELOPMENT PROJECTS. THE FUND IS MADE POSSIBLE WITH LOW-INTEREST LOANS FROM FINANCIAL INSTITUTIONS. THE CINCINNATI NEIGHBORHOOD TRANSFORMATION FUND (CNTF) WAS CREATED IN 2018 WITH $6 MILLION IN FUNDING. THE FUND WILL LEVERAGE CDFI AWARDS RECEIVED, OCFC CAPITAL, AND BANK CAPITAL TO MAKE PRE-DEVELOPMENT, ACQUISITION, BRIDGE, AND PERMANENT LOANS FOR THE DEVELOPMENT OF AFFORDABLE HOUSING. DURING 2021 THE INVESTORS IN THE CNTF EXTENDED THEIR FUNDING TERM. THE FUND WILL SEEK TO PROVIDE CAPITAL FOR PROJECTS WITHIN THE CINCINNATI MSA. IN 2023 THE $20.35 MILLION HEALTHY HOMES FUND II WAS CREATED TO MAKE A MORTGAGE LOAN TO PROVIDE FINANCING FOR THE DEVELOPMENT OF AFFORDABLE HOUSING WITHIN THE LINDEN NEIGHBORHOOD OF COLUMBUS, OH AND TO PROVIDE FINANCING FOR THE DEVELOPMENT OF REAL ESTATE THAT WILL BE UTILIZED FOR COMMUNITY AND ECONOMIC DEVELOPMENT PURPOSES THAT WILL RESULT IN THE REMOVAL OF BLIGHT IN COLUMBUS, OH. THE FUND IS MADE POSSIBLE WITH LOW-INTEREST LOANS FROM FINANCIAL INSTITUTIONS, FOUNDATIONS, AND CORPORATIONS. IN 2023 THE COLLECTIVE LOAN FUNDS EXTENDED TWENTY SEVEN LOANS OF OVER $116.31 MILLION IN PREDEVELOPMENT/ACQUISITION/BRIDGE FINANCING TO OCCH PARTNERS. OCFC WAS CHOSEN TO RECEIVE A CAPITAL MAGNET FUND AWARD FROM THE CDFI FUND IN 2010. THIS $5 MILLION DOLLAR GRANT IS BEING UTILIZED TO LEVERAGE INVESTOR EQUITY IN AFFORDABLE HOUSING TRANSACTIONS FROM 2011 TO 2016 IN AN EFFORT TO DECREASE OVERALL CONSTRUCTION FINANCING COSTS. IN 2016 OCFC RECEIVED AN ADDITIONAL CAPITAL MAGNET FUND AWARD. THIS $4.8 MILLION GRANT WAS COMBINED WITH $17.2 MILLION IN LOANS FROM FINANCIAL INSTITUTIONS TO FURTHER LEVERAGE INVESTOR EQUITY IN AFFORDABLE HOUSING TRANSACTIONS FROM 2017 TO 2021. DURING 2017 OCFC WAS AWARDED ITS THIRD CAPITAL MAGNET FUND AWARD. THE $4.9 MILLION DOLLAR GRANT WILL BE BLENDED WITH FINANCING FROM FINANCIAL INSTITUTIONS TO EXPAND OCFC'S LENDING INTO KENTUCKY, WEST VIRGINIA AND OHIO. IN 2018 OCFC WAS AWARDED ITS FOURTH CAPITAL MAGNET FUND AWARD. THE $6 MILLION DOLLAR GRANT WILL BE BLENDED WITH FINANCING FROM FINANCIAL INSTITUTIONS TO GO TOWARDS PRESERVATION HOUSING LENDING IN KENTUCKY, WEST VIRGINIA AND OHIO. DURING 2019, OCFC WAS AWARDED ITS FIFTH CAPITAL MAGNET FUND AWARD. THIS $7.7 MILLION DOLLAR GRANT WILL PROVIDE PREDEVELOPMENT AND ACQUISITION LOANS FOR LIHTC AND NON-LIHTC AFFORDABLE HOUSING DEVELOPMENTS, AS WELL AS SUPPORT ECONOMIC DEVELOPMENT ACTIVITIES WITHIN OHIO, KENTUCKY AND WEST VIRGINIA. DURING 2021 OCFC WAS AWARDED A $12M DOLLAR CAPITAL MAGNET FUND AWARD. THIS FUNDING WILL BE USED TO CAPITALIZE A REVOLVING LOAN FUND FOR RENTAL AFFORDABLE HOUSING THROUGHOUT OHIO, KENTUCKY AND WEST VIRGINIA. SINCE 2005, OCFC HAS RECEIVED AN ADDITIONAL $32.29 MILLION IN CDFI GRANTS AND MATCHING DOLLARS TO FURTHER THEIR MISSION OF PROVIDING A FLEXIBLE SOURCE OF LENDING. IN ADDITION, IN 2012 OCFC BECAME A MEMBER OF THE FEDERAL HOME LOAN BANK OF CINCINNATI (FHLB). OCFC UTILIZES ITS MEMBERSHIP WITH THE FHLB TO LEVERAGE ADDITIONAL FUNDING FOR ITS BORROWERS THROUGH PROGRAMS THAT SERVE LOW TO MODERATE INCOME HOUSEHOLDS.