OCFC's mission is to increase the supply of affordable housing and develop sustainable communities located in Ohio and Kentucky. When formed in 2002, OCFC was certified by the CDFI Fund of the U.S. Treasury Department. OCFC provides 8 nontraditional lending products to support the work of its development partners.
The Housing and Economic Recovery Act of 2008 provided for certified community development financial institutions to become members of a Federal Home Loan Bank. In 2012, OCFC became one of the first CDFI members of the Federal Home Loan Bank of Cincinnati. Through its membership, OCFC continues to further its work of supporting the economic viability of communities across Ohio and Kentucky.
Since its inception, OCFC financing has created and preserved over 23,000 units through the origination of more than 600 loans totaling $550,000,000 in loan production. OCFC operates five mission oriented loan funds with over $125,000,000 in capital provided in the forms of equity and debt from financial institutions.
OCFC is grateful for its long term partnerships within the banking community. OCFC’s investment partners include:
• CF Bank
• Fifth Third Bank
• First Federal of Lakewood
• First Financial Bank
• First Merchants Bank
• First National Bank of PA
• First State Bank
• Heritage Bank
• Huntington National Bank
• John D. and Catherine T. MacArthur Foundation
• JPMorgan Chase & Co.
• Key Bank
• National Cooperative Bank
• Nationwide Bank
• Ohio Housing Finance Agency
• PNC Community Development Co.
• RiverHills Bank
• The Union Bank Company
• The Affordable Housing Trust
• US Bank CDC
• WesBanco Bank
• WoodForest Bank
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Industry
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Financial Services
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Company size
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11-50 employees
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Headquarters
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Columbus, Ohio
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Type
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Nonprofit
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Founded
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2002
