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Ohio Capital Finance Corporation
88 East Broad Street, Suite 1800Columbus OH, 43215-3506
CDFI Awards for Ohio Capital Finance Corporation
FA (2008) - $1,032,629
Ohio Capital Finance Corporation (OCFC) is a certified CDFI established in 2002. OCFC facilitates the development and preservation of affordable housing by providing predevelopment, acquisition, and bridge financing to affordable housing developers. OCFC will use the FY08 Financial Assistance award of $1,000,000 to capitalize a Preservation Bridge Loan product to prevent the conversion of subsidized rental units into market-rate rentals. OCFC will use the FY08 Technical Assistance grant of $32,629 to produce a capitalization strategy for the preservation loan product.
FA (2005) - $950,000
OCFC will use the 2005 financial assistance award of $950,000 to increase its loan loss reserve fund to leverage $7.3 million in loan commitments from banks and insurance companies to assist nonprofit housing developers maintain affordable housing units.
TA (2004) - $40,350
The Ohio Capital Finance Corporation will use the award to expand its services to include acquisition loans, bridge loans and gap financing. Specifically, the grant will fund the development of a marketing plan, capitalization strategy, and a new accounting system to support the expansion of its product line.
Other Community Development Financial Institutions in Ohio
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AHC Community Development, LLC
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Appalachian Development Federal Credit Union
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ASB Community Development Corp
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Cincinnati Development Fund
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Cincinnati New Markets Fund, LLC
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Columbus Compact Corporation
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Columbus Growth Fund, Inc., The
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Enterprise Development Corporation
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National City New Market Fund, Inc.
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Neighborhood Capital Corporation
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Shorebank Enterprise Group
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ShoreBridge Capital
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Uptown Consortium, Inc.
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Village Capital Corporation
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