Ohio Capital Corporation for Housing (OCCH) announced the closing of Ohio Equity Fund XXXI (OEF XXXI) at $312 million. The firm’s latest low-income housing tax credit (LIHTC) fund will help finance more than 2,600 affordable homes in 37 developments, enlarging OCCH’s footprint in Kentucky, Ohio, Pennsylvania, Tennessee, and West Virginia.
With the latest fund, OCCH has raised more than $5.3 billion in private equity investment and financed more than 53,000 affordable housing units for families, seniors, and special-needs populations.
OEF XXXI secured commitments from 33 investors, including one new investor, said OCCH, a LIHTC syndicator and financial intermediary headquartered in Columbus, Ohio.
“OCCH retains a stable base of investors who continue to impact the essential work of providing affordable housing opportunities to low-income households in diverse communities,” said Catherine Cawthon, president. “We are pleased that OEF XXXI has attracted the support of these long-term investors as well as new investors. This record $312 million investment will continue to preserve and create much-needed affordable homes that make a difference to the quality of life in rural and urban communities.”
