Legacy Pointe at Poindexter

Columbus, Ohio

Our Mission

The mission of Ohio Capital Corporation for Housing is to cause the construction, rehabilitation, and preservation of affordable housing.

We are privileged to work with the most innovative and mission-focused organizations in the affordable housing industry. Working together, we are providing safe housing and building stable, strong communities that empower people to thrive and improve their lives.

Inglewood Court

Columbus, Ohio

The Power of Working Together

2017 was a rollercoaster year for the Low Income Housing Tax Credit industry, culminating in the December passage of the first major tax legislation in over 30 years. The uncertainty around if and when tax reform would happen, and what it would look like, caused a dramatic reduction in private capital flowing to affordable housing projects.

Despite the market disruption, 2017 was another successful year for OCCH and our affiliates. Working creatively with our long-term investors, development partners and state housing finance agencies, we were able close and get needed affordable housing under construction. Though lower than our peak year in 2016, we closed over $260 million into 36 projects with over 2,271 units. Thanks to all of our partners for working together in a challenging environment!

Our work and mission continues to remain strong and productive. From an asset management perspective, our properties continue to perform. Occupancy remains high with strong financial performance.

Community Properties of Ohio Management (CPO) continues to expand both in terms of properties under management and supportive services. We celebrated the completion of Columbus Scholar House, co-developed with Columbus Metropolitan Housing Authority, with an onsite early learning center operated by the YMCA of Central Ohio.

Our lending affiliate, Ohio Capital Finance Corporation, has grown the capital pools it manages, and two recent significant grants from the US Treasury CDFI Fund will lead to more flexible capital for our developers.

Ohio Capital Impact Corporation, our philanthropic affiliate, made millions of dollars in grants to our partners to benefit residents and neighborhoods. We were thrilled to help more than 775 children attend summer camp. Thank you Impact Investors that dedicate a portion of your investment to philanthropy!

And working in partnership with the Ohio Housing Finance Agency, we organized two great conferences. The second Starting at Home Conference, focusing on the nexus of academic research, philanthropy and affordable housing, grew to 300 attendees. The annual Ohio Housing Conference drew over 1,700 affordable housing professionals. We continue to treasure our collaborative relationship with OHFA on these wonderful events.

Despite these successes, 2017 was still a difficult year for the affordable housing community. With the passage of tax reform, and despite the unintentional but negative impact on LIHTC pricing, we now have certainty that will give the market greater stability. And the Omnibus spending bill passed in March of 2018, with its increases in both the LIHTC program and HUD budget, will help. But the need for affordable housing will continue to be far greater than the limited resources committed to dealing with them. Hence the need for ongoing vigilance and advocacy.

We look forward to a brighter 2018 and continued to be gratified and inspired by the commitment of our investors, developers, property management companies and the OCCH/CPO staff to our work. Thank you!

– Dan Slane, OCCH Board Chair and Hal Keller, OCCH President

Our Team

950 years of real estate experience; over 800 years of affordable housing experience

The OCCH staff’s experience, performance, and innovation in affordable housing development, investment, construction, finance, and asset management has made OCCH a leader in tax credit syndication. We are committed to our partners by helping fund affordable housing developments, building strong, enduring relationships, and creating viable, stable communities that help families and individuals thrive. Our staff are champions of our mission and the affordable housing industry.

Senior Management

Hal Keller

President

Tony DiBlasi

Chief of Asset Management

John "Jack" Kukura III

Chief Investment Officer

Jennifer Mullaney

Controller OCCH, Chief Financial Officer of OCFC

Joe Pimmel

Chief of Development

Jon Welty

Vice President OCCH, President of Ohio Capital Finance Corporation

Sue Ziegler

Chief of Staff

Asset Management

Raymond Butler

Compliance Coordinator & Media and Design Specialist

Danielle Carman

Asset Manager

Susan Goss

Asset Management Analyst

Tom Kindron

CPA, Senior Asset Manager

Chris Ledwin

Senior Asset Manager

Royce Lewis

Vice President

Tina Limo

Senior Compliance Specialist

Janice Rausch

Asset Manager

Tamara Samuel

Administrative Assistant

Ken Schaefer

Asset Manager

Melanie Shapiro

Director of Compliance and Training

Casey Swemba

Investor Reporting and Special Assets

Lori Tillis

Vice President

Anthony Tynan

Asset Manager

Development

Nick Balow

Development Analyst

Myia Batie

Coordinator of Policy and Programs

Brad Carman

Vice President

Doug Klingensmith

Vice President

Brian Langmeyer

Vice President

Elizabeth Long

Vice President

Jimmy McCune

Development Analyst

Annie Ross

Development Analyst

Jan Trego

Development Assistant

Finance, Operations & Communications / Information Technology

Sharon Alban

Administrative Assistant

Sharon Anderson

Program Specialist for Ohio Homeowner Assistance

Kathie Bowen

Administrative Assistant

Lori Conrad

Reserves Accountant

Mike Hennessee

Help Desk Support Specialist

Casey Hinkle

Senior Fund Accountant

Lynn Logan

Administrative Assistant

Mary Kay Meagher

Director of Operations and Communications

Chris Miller

Manager of Information Technology

Mackenzie Rawlings

Staff Accountant

Nancy Rodgers

Human Resources and Accounting Coordinator

Will Shelby

Fund Accountant

Shirlene Smith

Administrative Assistant/Receptionist

Rhonda Snyder

Event Coordinator

Becky Stanley

Senior Fund Accountant

Cindy Strawser

Accounting Assistant

Tamara Thelen

Assistant Program Manager for Ohio Homeowner Assistance

Laura Winstel

Program Manager for the Ohio Homeowner Assistance

Fund Management

Joe Erdeljac

Construction Manager

Brian Graney

Vice President of Fund Management

Jay Hartranft

Corporate Counsel

Kip Lewis

Director of Construction Management

Stephanie May

Closing Attorney

Lori McMillan

Vice President of Fund Management

OCFC

Millie Davis

Vice President, Ohio Capital Finance Corporation; Program Specialist

Wolfgang Teran

Vice President, Ohio Capital Finance Corporation; Program Specialist

Board of Directors

The OCCH Board of Directors provides the visionary direction, oversight, and philosophy in guiding OCCH in fulfilling its mission. The Board is comprised of knowledgeable and experienced community leaders who are prominent experts in their respective fields and the affordable housing industry.

Daniel M. Slane, Chair

Owner, The Slane Company, Ltd.

Susan E. Weaver, Vice Chair

Retired, Former Executive Director
Community Housing Network, Inc.

Robert J. Weiler, Sr., Secretary

Chairman of the Board
The Robert Weiler Company

Thomas T. Loos, Treasurer

Retired CPA, formerly with RSM McGladrey

Grady P. Appleton*

Retired, Former President & CEO
EANDC
*Ohio Equity Fund, Inc. Board only

Jeanne M. Golliher

President & CEO Cincinnati Development Fund

Dennis S. Guest

Retired, Former Executive Director
Columbus Metropolitan Housing Authority

John Lee

Retired, Former Senior Vice President
First Southwest

Richard McQuady

Director, Office of Affordable Housing
City of Lexington

Angela Mingo

Community Relations Director
Nationwide Children's Hospital

OCCH Financials

Statement of Financial Position

Assets20162017

Unrestricted Cash34,126,28335,643,883

Restricted Cash22,993,10923,830,759

Accounts Receivable (net of allowance)2,050,7011,251,188

Office Furniture and Equipment (net of accumulated depreciation)311,055222,848

Other Assets8,875,0167,627,402

Investment in Operating Entities28,480,21635,421,972

Total$96,836,380$103,998,052

Statement of Financial Position

Assets

Unrestricted Cash

2017:35,643,883

2016:34,126,283

Restricted Cash

2017:23,830,759

2016:22,993,109

Accounts Receivable (net of allowance)

2017:1,251,188

2016:2,050,701

Office Furniture and Equipment (net of accumulated depreciation)

2017:222,848

2016:311,055

Other Assets

2017:7,627,402

2016:8,875,016

Investment in Operating Entities

2017:35,421,972

2016:28,480,216

Total

2017:$103,998,052

2016:$96,836,380

Liabilities and Net Assets

Accounts Payable1,810,0351,068,847

Other Accrued Expenses and Liabilities5,074,8784,362,342

Deferred Income13,587,30114,298,086

Project Partnership Cash Reserves1,937,4051,825,055

Mortgage and Other Notes Payable22,89920,799

Grants Payable21,805-

$22,454,323$21,575,129

NET ASSETS$74,382,057$82,422,923

Total$96,836,380$103,998,052

Liabilities and Net Assets

Accounts Payable

1,068,847

1,810,035

Other Accrued Expenses and Liabilities

4,362,342

5,074,878

Deferred Income

14,298,086

13,587,301

Project Partnership Cash Reserves

1,825,055

1,937,405

Mortgage and Other Notes Payable

20,799

22,899

Grants Payable

-

21,805

$21,575,129

$22,454,323

NET ASSETS

$82,422,923

$74,382,057

Total

$103,998,052

$96,836,380

Statement of Activities

Revenues20162017

Acquisition and Consulting Fees23,837,78114,804,003

Other8,386,88110,303,820

Total$32,224,662$25,107,823

Statement of Activities

Revenues

Acquisition and Consulting Fees

2017:14,804,003

2016:23,837,781

Other

2017:10,303,820

2016:8,386,881

Total

2017:$25,107,823

2016:$32,224,662

Expenses

Program Services25,107,15723,218,094

General and Administrative953,914892,076

Loss (Gain) from Investment in Affiliated Entities(4,683,300)(7,043,213)

Total$21,377,771$17,066,957

Change in Net Assets$10,846,891$8,040,866

Expenses

Program Services

23,218,094

25,107,157

General and Administrative

892,076

953,914

Loss (Gain) from Investment in Affiliated Entities

(7,043,213)

(4,683,300)

Total

$17,066,957

$21,377,771

Change in Net Assets

$8,040,866

$10,846,891