OHIO CAPITAL CORPORATION FOR HOUSING

OHIO CAPITAL CORPORATION FOR HOUSING (OCCH) IS A FINANCIAL INTERMEDIARY THAT PROVIDES DEVELOPERS OF AFFORDABLE RENTAL HOUSING WITH ACCESS TO CAPITAL. THROUGH OUR OHIO EQUITY FUNDS, OCCH RAISES TAX CREDIT EQUITY FOR INVESTMENT IN AFFORDABLE HOUSING PROJECTS THROUGHOUT OHIO AND PARTS OF KENTUCKY, INDIANA, WEST VIRGINIA AND PENNSYLVANIA. IN 2023 OCCH ASSISTED DEVELOPERS AND NON-PROFIT SPONSORS OF 26 LOW-INCOME HOUSING TAX CREDIT PROJECTS, REPRESENTING 1,868 UNITS OF HOUSING. IN 2023, OHIO EQUITY FUND RAISED $181 MILLION FOR OHIO EQUITY FUND 33A AND $82 MILLION IN PROPRIETARY INVESTMENTS, WHICH WILL BE INVESTED IN PROPERTIES THROUGHOUT OUR INVESTMENT AREA. AS PART OF OUR FIDUCIARY RESPONSIBILITY TO OUR INVESTORS, OCCH PROVIDES ASSET MANAGEMENT SERVICES TO THE PROJECTS INCLUDING TENANT APPLICATION REVIEW, COMPLIANCE TRAINING, PHYSICAL INSPECTIONS AND QUARTERLY REVIEW OF OCCUPANCY AND CASH FLOW. IN 2003, ACQUIRED THE LARGEST PORTFOLIO OF SCATTERED SITE PROJECT-BASED SECTION 8 RENTAL HOUSING IN THE NATION. WITH 250 BUILDINGS ACROSS SEVEN INNER-CITY NEIGHBORHOODS IN COLUMBUS, OHIO, THESE UNITS HAD HISTORICALLY STRUGGLED WITH POOR MAINTENANCE, HIGH CRIME, AND RESIDENTS LIVING IN SEVERE POVERTY WITH LIMITED SOCIAL AND FINANCIAL RESOURCES. THE ORIGINAL PORTFOLIO OF SECTION-8 UNITS BECAME KNOWN AS THE "CPO INITIATIVE." IN PARTNERSHIP WITH NUMEROUS COMMUNITY ORGANIZATIONS AND ACTIVE SUPPORT FROM FEDERAL, STATE, COUNTY AND LOCAL GOVERNMENTS, OCCH IMPLEMENTED A $133 MILLION, NINE-PHASE REDEVELOPMENT PLAN FOR THE 1,033 UNITS IN THE CPO INITIATIVE. ALSO ESSENTIAL TO THE INITIATIVE WAS AN AGGRESSIVE ELIMINATE THE ELEMENTS SAFETY PROGRAM, SUPPORTIVE SERVICES, STRICT LEASE COMPLIANCE, AND RE-ESTABLISHMENT OF TRUST AND ACCOUNTABILITY BETWEEN RESIDENTS AND PROPERTY MANAGEMENT. THE GOAL IS FOR FAMILIES AND COMMUNITIES TO USE CPO HOUSING AS THE FOUNDATION FOR TRANSFORMATIONAL CHANGE. CPO MANAGEMENT HAS GONE BEYOND TRADITIONAL PROPERTY MANAGEMENT IN RESPONDING TO ITS UNIQUE CHALLENGES, REQUIRING ONGOING INNOVATION AND SIGNIFICANT INVESTMENT. UNDERSTANDING THESE CHALLENGES, CPO ESTABLISHED COMMUNITY PROPERTIES IMPACT CORPORATION (CPO IMPACT) IN 2007 TO HELP FUND INITIATIVES AND SUPPORT THE RESEARCH AND DEVELOPMENT NEEDED TO FIND AND DESIGN INTERVENTIONS TO FURTHER THE MISSION OF CPO. CPO SERVES A RESIDENT POPULATION LIVING BELOW THE POVERTY GUIDELINE WITH LIMITED ACCESS TO RESOURCES. THESE RESIDENTS BENEFIT GREATLY FROM SUPPORTIVE SERVICES. LEVERAGING STABLE HOUSING AS A PLATFORM FOR FUTURE OPPORTUNITY, CPO IMPACT APPLIES A TWO-GENERATION APPROACH WORKING WITH RESIDENTS AND THEIR CHILDREN TO REDUCE BARRIERS AND ASSIST FAMILIES TO MOVE BEYOND POVERTY. INITIATIVES ARE STRATEGICALLY DESIGNED TO ADDRESS FIVE CORE OBJECTIVES: STABLE HOUSING, SAFE NEIGHBORHOODS, RESIDENT GROWTH (INCLUDING MOVING BEYOND POVERTY WHERE POSSIBLE), SUCCESSFUL CHILDREN AND COMMUNITY LEARNING. IN ADDITION TO MANAGING THE CPO UNITS, THE MANAGEMENT COMPANY ALSO MANAGES UNITS IN COLUMBUS, PORTSMOUTH, AND TOLEDO MANY OF WHICH ARE PART OF OCCH'S OVERALL PORTFOLIO. IN 2017, CPO OPENED COLUMBUS SCHOLAR HOUSE AND FUTURE SCHOLARS COMMUNITY LEARNING CENTER. COLUMBUS SCHOLAR HOUSE IS A 38 UNIT AFFORDABLE HOUSING COMMUNITY FOR LOW-INCOME STUDENT PARENTS DESIGNED TO IMPROVE LIVES, FAMILIES AND COMMUNITIES THROUGH EDUCATION. THE FUTURE SCHOLARS LEARNING CENTER PROVIDES QUALITY ON-SITE CHILD-CARE BY PARTNERING WITH THE YMCA OF CENTRAL OHIO. THE CENTER SERVES COLUMBUS SCHOLAR HOUSE RESIDENTS AS WELL AS OTHER FAMILIES LIVING IN CPO MANAGED PROPERTIES. THE ONGOING MANAGEMENT OF THE COMMUNITY PROPERTIES PORTFOLIO CONTINUES TO BE A FOCUS OF OHIO CAPITAL CORPORATION AND CPOMS. OVER THE PAST 20+ YEARS, THE OCCH TRAINING ACADEMY PROVIDED HIGH-QUALITY, LOW-COST TRAININGS TO THOUSANDS OF STAFF MEMBERS ACROSS OCCH'S PARTNER RELATIONSHIPS, COVERING A WIDE RANGE OF CONTENT RESPONSIVE TO THE NEEDS OF AFFORDABLE HOUSING PRACTITIONERS. IN RESPONSE TO THE COVID-19 CRISIS, ALL IN-PERSON TRAININGS WERE SUSPENDED SINCE MARCH 2020, REQUIRING A REFORMULATION OF OCCH'S TRAINING PLATFORM AS IT TRANSITIONED TO DELIVER CONTENT ONLINE AND ON-DEMAND. AS A RESULT, OCCH ANNOUNCED THE RE-POSITIONING AND RE-BRANDING OF ITS TRAINING PLATFORM UNDER THE NAME OF AFFORDABLE HOUSING TRAINING ACADEMY (AHTA). FORMALLY INTRODUCED IN DECEMBER OF 2021, THIS NEW LEARNING MANAGEMENT SYSTEM (LMS) PLATFORM REPRESENTS A DRAMATIC EXPANSION OF E-LEARNING CONTENT THAT IS NOW AVAILABLE THROUGH OCCH. AS AN ONLINE PROGRAM, ACCESS TO THIS CONTENT IS NO LONGER LIMITED SOLELY TO OCCH PARTNERS, BUT OCCH PARTNERS DO RECEIVE ACCESS TO THESE TRAININGS AT A SIGNIFICANTLY REDUCED RATE. ONLINE CONTENT OFFERINGS COVER A WIDE RANGE OF TOPICS INCLUDING FAIR HOUSING, REGULATORY COMPLIANCE, PROGRAM LAYERING, SERVICE TECHNICIAN TRAINING, ALONG WITH A VARIETY OF TRAININGS EARMARKED FOR THOSE ASPIRING TO GROW THEIR SKILLS TO BECOME REGIONAL MANAGERS.