The Ohio Preservation Loan Fund
The Fund provides a flexible source of capital to be utilized by the development partners of the Ohio Capital Corporation for Housing (OCCH), the Ohio Housing Finance Agency (OHFA), and the Coalition on Housing and Homelessness in Ohio (COHHIO) for the preservation of affordable housing in Ohio. The Preservation Fund offers predevelopment funding (architectural drawings, permitting, professional fees, Phase I, engineering costs, etc.), acquisition financing for existing projects, and bridge financing for preservation projects that have completed the tax credit compliance period.
The Lender is the Ohio Preservation Loan Fund, LLC and is operated by the Ohio Capital Finance Corporation. It is an $18M revolving loan fund comprised of investors and participants including: The John T. and Catherine D. MacArthur Foundation, Ohio Housing Finance Agency, PNC Community Development Company LLC, US Bank, Key CDC, Fifth-Third Bank, WesBanco, The Huntington CDC, and National Cooperative Bank and the Ohio Capital Finance Corporation.
- Ohio Preservation Loan Fund Application Form (56 KB Excel File)
- Ohio Preservation Loan Fund Term Sheet (185 KB Adobe PDF File)
- Ohio Preservation Loan Fund Overview (174 KB Adobe PDF File)
For more information, please contact:
Ohio Capital Finance Corporation
88 East Broad Street, Suite 1800
Columbus, Ohio 43215