Creating Partnerships for

Affordable Housin g

WHO WE ARE: OUR MISSION OCCH is a nonprofit financial intermediary that provides developers of affordable housing with access to capital markets. OCCH provides an array of services to investors, developers, management companies and others in the affordable housing industry. OCCH was created in 1989 by the Ohio Housing Finance Agency. As a now independent and self-supporting 501(c)3 nonprofit organization with its own Board of Directors, OCCH has become the largest locally controlled syndicator of LowIncome Housing Tax Credits in the nation. Our mission is to cause the construction, rehabilitation, and preservation of affordable housing in Ohio.

OUR CORE BUSINESS

Equity Investment

Technical Assistance

Asset Management

Through our Ohio Equity Funds, OCCH raises tax credit equity for investment in affordable housing projects throughout Ohio and parts of Kentucky. By 2008, OCCH had raised over $1.5 billion in private capital for investment in more than 400 projects with over 20,000 homes. Our investors include all of the major banks doing business in Ohio, as well as Freddie Mac, Fannie Mae, and Nationwide Insurance.

OCCH provides hands-on technical assistance to both nonprofit and for-profit developers of housing. This “as needed” no cost technical assistance includes: • feasibility analysis • application preparation for tax credits and other sources of funding • arranging construction and permanent debt financing • guidance on structuring of transactions

As part of our fiduciary responsibility to our investors, OCCH performs asset management activities. These include tenant application reviews, on-site physical inspections and financial reporting.

OUR COMMITMENT: VALUE-ADDED SERVICES Since its inception, OCCH has sought new ways to assist our partners. Our value-added services and initiatives include: Ohio Capital Finance Corporation (OCFC): OCFC, a certified Community Development Financial Institution (CDFI), is the lending arm of OCCH. Through the Ohio Affordable Housing Loan Fund, a pool created by OCFC with the participation of financial institutions, OCFC provides short-term predevelopment and acquisition financing at below market interest rates.

Community Properties: In 2003, OCCH created a nonprofit management company to undertake the Community Properties Initiative in Columbus, involving the acquisition and rehabilitation of over 1,000 units in 200 buildings in seven inner city neighborhoods. With a team of community partners, the OCCH affiliate Community Properties of Ohio Management Services (CPO) is leading the way in preserving this affordable housing while creating “best practices” property management and supportive services programs. Ohio Green Initiative: In a joint effort with Enterprise Community Partners and the Ohio Housing Finance Agency, OCCH provides grants to affordable housing developments to offset the cost of green and sustainable design elements.

Ohio Housing Conference: With the Ohio Housing Finance Agency, OCCH sponsors one of the largest state housing conferences in the country. Each fall, the Ohio Housing Conference brings together state and national experts to exchange ideas on issues and challenges in the affordable housing industry. PIXUS: PIXUS (Primary Information eXchange Users System) is the information management system created by OCCH. This innovative user-friendly web-based tool provides for the exchange of information with both our investors and development/management partners. It simplifies reporting and provides significant project performance data. Resident Development Fund: Each year the OCCH Board sets aside a portion of our retained earnings for programs that benefit the residents in Ohio Equity invested projects. Grants up to $30,000 are available for programs that include computer labs, tutoring, summer camps and exercise equipment for senior citizens.

Training Academy: In conjunction with other trade associations, OCCH offers an array of low cost/no cost training courses for property managers. Topics include tax credit compliance, basic marketing, preventive maintenance, and landlord-tenant law, among others.

OUR SOLUTION: WORKING TOGETHER Corporate investors can invest in the Ohio Equity Fund and receive a market rate of return while helping communities throughout Ohio. OCCH actively works with banks to assist in compliance with Community Reinvestment Act (CRA) requirements. We also structure individual transactions and provide feasibility analysis, due diligence and asset management services to investors to meet their specific needs. Affordable housing developers can receive a flexible set of services to determine project feasibility, structure deals, arrange financing, close and start construction. OCCH works with nonprofit and forprofit developers as well as public housing authorities, faith-based organizations and agencies that serve special needs populations. And since OCCH provides asset management services for projects receiving an investment from the Ohio Equity Funds, OCCH maintains an ongoing relationship with project sponsors. Managers of affordable housing can participate in many of the training and technical assistance activities offered through the Training Academy and OCCH asset management services. Local governments work with OCCH to evaluate opportunities to develop or preserve affordable housing.

OCCH QUICK FACTS • OCCH is a self-supporting organization with minimal contracts with public entities. OCCH supports itself with fees for services delivered to corporate investors. • OCCH has a staff of over 40, exclusive of the CPO management company. Our team of real estate professionals comes with skills in finance, accounting, architecture, law, property management, social work, regulatory compliance and computer science. The OCCH staff is active in every related real estate and affordable housing trade organization in Ohio. • Over 90% of both our investor base and 90% of our developer partners are repeat business, a testament to our relationship-oriented, responsive approach. • Despite the pressure on some housing markets in Ohio, not one of our developments has gone into foreclosure.

Family

Special Needs

OUR HOUSING PORTFOLIO Most of the housing developments financed by OCCH are recipients of Low-Income Housing Tax Credits. These homes are affordable to households at or below 60% of the area median income. There is a great diversity of housing produced under this federal program administered by the Ohio Housing Finance Agency. OCCH invests in family, elderly and special needs projects located in urban, suburban and rural communities. Projects can involve new construction or historic preservation. OCCH continues to be a leader in the preservation of federally-assisted low-income housing and has financed redevelopment of many public housing communities. OCCH has also been involved in the construction of single-family lease-purchase homes and the development of permanent supportive housing for the homeless. We work with our partners to determine the appropriate type of housing for a financially viable community.

Elderly

Board of Directors Our Board of Directors has background in business, banking and investment banking, law, real estate development and appraisals, nonprofit management, social services and community development.

Top Row: (from left to right) Dr. Robert Weiler, Sr. - Colin Dyer, Vice Chair, Ohio Equity Fund Board - John Lee - Daniel Slane, Vice Chair, Ohio Capital Corporation Board Bottom Row: (from left to right) Michael Saad, Legal Counsel, Squire, Sanders & Dempsey, LLC - Grady Appleton - Hal Keller, President, Ohio Capital Corporation for Housing - Carol Peterson, Chairperson - Susan Weaver, Secretary, Treasurer - Jerry Grier

88 East Broad Street, Suite 1800 Columbus, Ohio 43215 614-224-8446 www.occh.org