Ohio Capital Corporation for Housing closed 2008 with notable success. With the first closing of Ohio Equity Fund XVIII (OEF XVIII) in July 2008, OCCH made Fund history. OEF XVIII marked the earliest closing in the year for an OCCH Fund. In October, OEF VXIII’s final closing committed $125M of investor equity which will impact more than 25 Ohio communities.

OCCH is grateful to the investors who committed the equity to this Fund. These investors include: Key CDC, JPMorgan Capital Corporation, Fifth-Third CDC, Park National Bank, Nationwide Mutual Insurance Co., National City Bank CDC, Huntington National Bank CDC, and FirstMerit Bank NA. Without these investors, OCCH would not be able to provide equity for the Ohio low income housing tax credit market.

OEF XIX

With the closing of OEF XVIII, the offering of OEF XIX is just around the corner. OCCH will issue its nineteenth offering in March 2009. OEF XIX is expected to raise $200M of investor equity that will be utilized to build new and rehabilitate/preserve existing affordable housing across Ohio and Kentucky. The fund anticipates making investments in several communities across Ohio. While the investor market is currently in a state of change, OCCH remains confident that the Ohio investor base can be expanded. OCCH staff is working hard to identify new corporations that are committed to the communities in which they live and work. OCCH will continue to update its partners on the investor markets as changing markets affect everyone. For additional information regarding OEF XIX, please contact Jonathan Welty at 614.224.8446.