The Ohio Capital Corporation for Housing (OCCH) has closed its largest low-income housing tax credit fund to date—the $306 million Ohio Equity Fund for Housing XXVI (OEF XXVI).
The capital for OEF XXVI came from 26 investors, including six new investors and 20 who have invested with OCCH in previous equity funds. OEF XXVI will help finance 3,100 affordable housing units in 27 projects in Ohio, nine projects in Kentucky, and one in Pennsylvania.
“OCCH has been fortunate to retain and grow a stable base of investors throughout the years who are committed to strengthening and developing vibrant, sustainable, and affordable communities,” said Hal Keller, president of OCCH, a nonprofit LIHTC syndicator. “This substantial $306 million investment is paramount to creating and preserving homes that make a difference to the quality of life in our communities in Ohio, Kentucky, and Pennsylvania. We are grateful to our investors and the record equity that will finance much needed housing.”
Headquartered in Columbus, Ohio, OCCH has raised more than $3.7 billion in equity investment, financed more than 40,000 affordable housing units, and assisted in the creation of 750 affordable housing developments for families, seniors, and special-needs populations.